Hasbro (HAS) Rating Lowered to Sell at BidaskClub
Hasbro (NASDAQ:HAS) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
A number of other equities research analysts also recently issued reports on the company. Jefferies Group set a $125.00 price target on Hasbro and gave the stock a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. UBS set a $104.00 price target on Hasbro and gave the stock a “hold” rating in a research report on Monday, November 13th. DA Davidson set a $124.00 price target on Hasbro and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $95.00 price target (down previously from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.99.
Hasbro (NASDAQ HAS) traded up $0.54 during trading on Wednesday, hitting $91.35. The stock had a trading volume of 1,023,600 shares, compared to its average volume of 1,337,994. Hasbro has a 52 week low of $77.20 and a 52 week high of $116.20. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $11,380.00, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts predict that Hasbro will post 5 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cypress Capital Group lifted its stake in Hasbro by 146.6% during the third quarter. Cypress Capital Group now owns 5,500 shares of the company’s stock worth $538,000 after purchasing an additional 3,270 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Hasbro during the third quarter worth $307,000. Stonebridge Capital Advisors LLC lifted its stake in Hasbro by 9.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 8,258 shares of the company’s stock worth $807,000 after purchasing an additional 690 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Hasbro by 21.1% during the third quarter. Coldstream Capital Management Inc. now owns 8,336 shares of the company’s stock worth $814,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its stake in Hasbro by 11.2% during the third quarter. Piedmont Investment Advisors LLC now owns 60,816 shares of the company’s stock worth $5,940,000 after purchasing an additional 6,123 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.
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Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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