Hasbro (NASDAQ:HAS) Receives “Overweight” Rating from Morgan Stanley

Hasbro (NASDAQ:HAS)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a research report issued on Friday,Benzinga reports. They presently have a $84.00 price objective on the stock, down from their previous price objective of $88.00. Morgan Stanley’s price target would suggest a potential upside of 24.39% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Stock Down 2.2 %

Shares of NASDAQ HAS traded down $1.53 during trading on Friday, hitting $67.53. 907,965 shares of the company traded hands, compared to its average volume of 1,441,168. The business’s fifty day moving average is $58.31 and its 200 day moving average is $64.17. Hasbro has a fifty-two week low of $48.63 and a fifty-two week high of $73.46. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of -14.55, a P/E/G ratio of 0.53 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts predict that Hasbro will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new stake in shares of Hasbro during the 3rd quarter valued at $31,000. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Hasbro during the 4th quarter valued at $25,000. Allworth Financial LP raised its position in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Hasbro during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

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.