Hasbro, Inc. (NASDAQ:HAS) Receives Average Rating of “Moderate Buy” from Analysts

Hasbro, Inc. (NASDAQ:HAS) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $80.11.

A number of analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson lifted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Hasbro Stock Performance

NASDAQ:HAS opened at $69.16 on Friday. The company has a market cap of $9.65 billion, a P/E ratio of -14.91, a P/E/G ratio of 0.53 and a beta of 0.64. The firm’s 50 day moving average is $58.21 and its two-hundred day moving average is $64.13. Hasbro has a fifty-two week low of $48.63 and a fifty-two week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Analysts expect that Hasbro will post 3.86 EPS for the current year.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Hasbro during the third quarter valued at $31,000. Blue Trust Inc. grew its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Hasbro during the 4th quarter worth about $25,000. Allworth Financial LP boosted its holdings in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in Hasbro during the 3rd quarter worth approximately $40,000. 91.83% of the stock is currently owned by institutional investors.

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.