Hasbro (HAS) Upgraded at BidaskClub

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Hasbro (NASDAQ:HAS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on HAS. Zacks Investment Research upgraded Hasbro from a “strong sell” rating to a “hold” rating in a research report on Monday, June 25th. Stifel Nicolaus raised their target price on Hasbro from $93.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. ValuEngine upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. DA Davidson lifted their price objective on Hasbro to $124.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Monness Crespi & Hardt cut Hasbro from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $107.33.

NASDAQ HAS opened at $98.31 on Friday. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.90 and a beta of 0.89. Hasbro has a fifty-two week low of $79.00 and a fifty-two week high of $109.60. The company has a quick ratio of 2.11, a current ratio of 2.69 and a debt-to-equity ratio of 0.96.

Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 23rd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The firm had revenue of $904.50 million for the quarter, compared to analysts’ expectations of $839.29 million. During the same period last year, the firm earned $0.53 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts forecast that Hasbro will post 4.75 EPS for the current year.

In other news, EVP Dolph Johnson sold 22,842 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the transaction, the executive vice president now directly owns 31,843 shares in the company, valued at approximately $3,228,561.77. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Deborah Thomas sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $100.63, for a total value of $1,006,300.00. Following the transaction, the chief financial officer now owns 84,568 shares in the company, valued at $8,510,077.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,645 shares of company stock worth $10,796,944. 9.90% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Hasbro during the 2nd quarter worth approximately $136,000. McKinley Carter Wealth Services Inc. acquired a new position in shares of Hasbro during the 1st quarter worth approximately $136,000. Cerebellum GP LLC acquired a new position in shares of Hasbro during the 2nd quarter worth approximately $165,000. CenterStar Asset Management LLC boosted its holdings in shares of Hasbro by 98.7% during the 2nd quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock worth $183,000 after purchasing an additional 987 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Hasbro during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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