Hasbro, Inc. (HAS) Rating Lowered to Buy at BidaskClub
Hasbro, Inc. (NASDAQ:HAS) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
A number of other research firms have also recently issued reports on HAS. DA Davidson reiterated a “buy” rating and set a $121.00 price objective (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Hasbro in a research report on Friday, July 21st. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Stifel Nicolaus reiterated a “hold” rating and set a $107.00 price objective (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Finally, Argus assumed coverage on shares of Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus target price of $106.69.
Shares of Hasbro (NASDAQ HAS) opened at 97.55 on Friday. The company has a market capitalization of $12.20 billion, a PE ratio of 21.13 and a beta of 0.90. The firm’s 50-day moving average is $108.56 and its 200 day moving average is $101.46. Hasbro has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, analysts anticipate that Hasbro will post $5.07 earnings per share for the current fiscal year.
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In other news, Director Alan G. Hassenfeld sold 152,341 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $100.50, for a total value of $15,310,270.50. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,928,570. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the sale, the executive vice president now directly owns 32,345 shares in the company, valued at $3,438,273.50. The disclosure for this sale can be found here. Insiders have sold a total of 967,258 shares of company stock worth $101,532,888 over the last three months. Insiders own 11.00% of the company’s stock.
Several large investors have recently bought and sold shares of HAS. Acrospire Investment Management LLC raised its stake in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. raised its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in Hasbro during the first quarter worth approximately $119,000. Finally, Meeder Asset Management Inc. purchased a new stake in Hasbro during the first quarter worth approximately $131,000. 78.23% of the stock is currently owned by institutional investors.
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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