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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $69.00.

HAS has been the subject of several research reports. UBS Group raised their price objective on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Monness Crespi & Hardt increased their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Finally, DA Davidson increased their price objective on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, April 29th.

Hasbro Stock Performance

Shares of HAS stock opened at $60.67 on Thursday. The business has a 50 day simple moving average of $59.55 and a 200 day simple moving average of $55.44. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of -5.98, a price-to-earnings-growth ratio of 0.61 and a beta of 0.62. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, equities research analysts anticipate that Hasbro will post 3.73 EPS for the current year.

Insider Activity

In related news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in Hasbro by 43.1% during the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock worth $16,833,000 after buying an additional 99,263 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Hasbro by 77.2% during the first quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after purchasing an additional 21,204 shares during the period. CWM LLC lifted its stake in Hasbro by 37.1% during the fourth quarter. CWM LLC now owns 1,910 shares of the company’s stock worth $97,000 after purchasing an additional 517 shares during the period. Norges Bank bought a new position in Hasbro during the fourth quarter worth about $70,544,000. Finally, Kovitz Investment Group Partners LLC lifted its stake in Hasbro by 1.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock worth $67,756,000 after purchasing an additional 22,688 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

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.