StockNews.com Upgrades Hasbro (NASDAQ:HAS) to Buy

Hasbro (NASDAQ:HAS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other analysts also recently issued reports about the stock. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Trading Down 0.9 %

Shares of NASDAQ HAS traded down $0.56 during mid-day trading on Tuesday, hitting $61.04. 1,486,407 shares of the company traded hands, compared to its average volume of 1,564,675. The business has a 50 day moving average of $60.93 and a two-hundred day moving average of $63.64. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.60 and a beta of 0.51. Hasbro has a 1 year low of $54.05 and a 1 year high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, sell-side analysts anticipate that Hasbro will post 4.33 earnings per share for the current fiscal year.

Institutional Trading of Hasbro

Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Norges Bank bought a new position in Hasbro during the fourth quarter valued at about $96,359,000. Invesco Ltd. lifted its position in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after buying an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock worth $147,791,000 after acquiring an additional 507,054 shares in the last quarter. 91.83% of the stock is currently 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.