Hasbro (NASDAQ:HAS) Stock Rating Upgraded by Wall Street Zen

Hasbro (NASDAQ:HAS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on HAS. Citigroup boosted their price target on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $94.00 price objective on shares of Hasbro in a research report on Sunday, December 14th. Finally, Jefferies Financial Group raised their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.42.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $82.97 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The firm has a market cap of $11.64 billion, a PE ratio of -20.69, a PEG ratio of 1.49 and a beta of 0.55. The company has a fifty day moving average price of $80.05 and a 200 day moving average price of $77.76. Hasbro has a 1-year low of $49.00 and a 1-year high of $85.14.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.Hasbro’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Research analysts predict that Hasbro will post 4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the 2nd quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the 2nd quarter valued at $28,000. First Horizon Corp acquired a new stake in shares of Hasbro during the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC bought a new position in Hasbro during the third quarter worth $34,000. Finally, Pittenger & Anderson Inc. acquired a new position in Hasbro in the second quarter valued at $35,000. 91.83% of the stock is owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.