TheStreet upgraded shares of Hasbro (NASDAQ:HAS) from a c rating to a b rating in a research report sent to investors on Monday morning, TheStreetRatingsTable reports.
Several other brokerages also recently weighed in on HAS. MKM Partners increased their target price on shares of Hasbro from $90.00 to $104.00 in a research note on Tuesday, October 13th. BidaskClub raised shares of Hasbro from a hold rating to a buy rating in a research note on Saturday, October 10th. Stifel Nicolaus raised shares of Hasbro from a hold rating to a buy rating and increased their target price for the company from $73.00 to $100.00 in a research note on Wednesday, September 30th. Barclays increased their target price on shares of Hasbro from $90.00 to $94.00 and gave the company an overweight rating in a research note on Tuesday. Finally, KeyCorp increased their target price on shares of Hasbro from $85.00 to $92.00 and gave the company an overweight rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $89.11.
HAS stock opened at $83.87 on Monday. Hasbro has a 52 week low of $41.33 and a 52 week high of $109.50. The company has a quick ratio of 1.32, a current ratio of 1.61 and a debt-to-equity ratio of 1.82. The company has a fifty day simple moving average of $83.02 and a two-hundred day simple moving average of $76.67. The firm has a market capitalization of $11.49 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 2.26 and a beta of 0.91.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 26th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.21. Hasbro had a net margin of 7.58% and a return on equity of 18.71%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $1.84 earnings per share. Hasbro’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts anticipate that Hasbro will post 3.38 EPS for the current year.
In related news, Director Linda Kay Zecher sold 818 shares of Hasbro stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $79.61, for a total value of $65,120.98. Following the completion of the sale, the director now directly owns 11,940 shares in the company, valued at approximately $950,543.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in Hasbro by 3.2% during the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock worth $5,104,000 after acquiring an additional 1,884 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Hasbro in the 1st quarter valued at about $394,000. Advisor Group Holdings Inc. acquired a new stake in shares of Hasbro in the first quarter valued at about $1,431,000. Voloridge Investment Management LLC acquired a new stake in shares of Hasbro in the first quarter valued at about $490,000. Finally, APG Asset Management N.V. increased its position in Hasbro by 96.5% during the first quarter. APG Asset Management N.V. now owns 155,518 shares of the company’s stock worth $11,127,000 after buying an additional 76,391 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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