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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $80.11.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. DA Davidson increased their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd.

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hasbro

A number of hedge funds have recently modified their holdings of HAS. Pacer Advisors Inc. raised its stake in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. AQR Capital Management LLC grew its position in Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after buying an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Hasbro in the 3rd quarter valued at $32,032,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after purchasing an additional 369,744 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of HAS stock opened at $57.84 on Monday. The firm’s 50-day moving average is $59.73 and its two-hundred day moving average is $64.34. Hasbro has a 12 month low of $46.09 and a 12 month high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $8.07 billion, a PE ratio of -12.47, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64.

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.