Hasbro (NASDAQ:HAS) Rating Increased to Hold at StockNews.com

Hasbro (NASDAQ:HAS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on HAS. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Stifel Nicolaus raised their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Roth Mkm raised their price target on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. DA Davidson reissued a “neutral” rating and set a $52.00 price target on shares of Hasbro in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.73.

Hasbro Price Performance

Shares of Hasbro stock opened at $64.97 on Wednesday. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of -6.06, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a 50 day moving average price of $54.16 and a 200-day moving average price of $51.14. Hasbro has a one year low of $42.66 and a one year high of $73.57.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s quarterly revenue was down 24.3% on a year-over-year basis. Equities analysts expect that Hasbro will post 3.26 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC raised its position in shares of Hasbro by 62.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 68,184 shares of the company’s stock worth $3,854,000 after acquiring an additional 26,219 shares in the last quarter. Lindbrook Capital LLC increased its position in Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hasbro by 29.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 351,284 shares of the company’s stock valued at $19,855,000 after buying an additional 79,490 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Hasbro by 24.8% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,734 shares of the company’s stock valued at $5,241,000 after buying an additional 18,400 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new position in Hasbro during the 1st quarter valued at about $940,000. 91.83% of the stock is owned by institutional investors.

Hasbro Company Profile

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.