Hasbro (NASDAQ:HAS) Shares Gap Up to $59.42

Shares of Hasbro, Inc. (NASDAQ:HAS) gapped up prior to trading on Thursday . The stock had previously closed at $59.42, but opened at $64.45. Hasbro shares last traded at $62.79, with a volume of 452,316 shares traded.

Analyst Upgrades and Downgrades

HAS has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Monness Crespi & Hardt upped their price target on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. DA Davidson upped their price target on shares of Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.00.

Hasbro Stock Up 5.1 %

The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The firm has a market capitalization of $8.70 billion, a PE ratio of -6.20, a PEG ratio of 0.60 and a beta of 0.62. The company’s 50 day simple moving average is $59.39 and its 200-day simple moving average is $55.79.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same period in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was down 24.3% compared to the same quarter last year. On average, analysts forecast that Hasbro, Inc. will post 3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares in the company, valued at approximately $3,193,960.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently made changes to their positions in HAS. SG Americas Securities LLC grew its holdings in shares of Hasbro by 328.2% during the 4th quarter. SG Americas Securities LLC now owns 6,945 shares of the company’s stock valued at $355,000 after purchasing an additional 5,323 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Hasbro by 15.3% during the 4th quarter. Pacer Advisors Inc. now owns 14,957 shares of the company’s stock valued at $764,000 after purchasing an additional 1,982 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Hasbro by 5,782.8% during the 4th quarter. WASHINGTON TRUST Co now owns 90,125 shares of the company’s stock valued at $4,602,000 after purchasing an additional 88,593 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Hasbro by 133.8% during the 4th quarter. Fifth Third Bancorp now owns 5,596 shares of the company’s stock valued at $286,000 after purchasing an additional 3,203 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Hasbro by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock valued at $1,850,000 after buying an additional 300 shares during the period. Institutional investors own 91.83% of the company’s stock.

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.