Hasbro, Inc. (NASDAQ:HAS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $75.10.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley increased their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HAS. Blue Trust Inc. boosted its position in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Hasbro during the second quarter worth approximately $27,000. Asset Dedication LLC boosted its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Hasbro during the second quarter worth approximately $46,000. Finally, Summit Securities Group LLC acquired a new stake in Hasbro during the second quarter worth approximately $47,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of HAS stock opened at $70.33 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average price of $69.84 and a 200 day moving average price of $63.52. The company has a market cap of $9.79 billion, a P/E ratio of -6.94, a PEG ratio of 0.54 and a beta of 0.61. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. Sell-side analysts predict that Hasbro will post 3.94 earnings per share for the current fiscal year.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.