Hasbro (NASDAQ:HAS) Rating Increased to Buy at StockNews.com

Hasbro (NASDAQ:HAS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

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

Hasbro Stock Down 0.9 %

HAS stock traded down $0.56 during midday trading on Tuesday, hitting $61.04. 1,486,407 shares of the company’s stock were exchanged, compared to its average volume of 1,564,675. The firm has a 50 day moving average price of $60.93 and a 200-day moving average price of $63.64. Hasbro has a 12-month low of $54.05 and a 12-month high of $73.46. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

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

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares in the last quarter. American Trust bought a new stake in Hasbro in the third quarter worth about $634,000. Larson Financial Group LLC lifted its holdings in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after acquiring an additional 799 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Capital Wealth Management LLC acquired a new position in shares of Hasbro in the 4th quarter worth approximately $496,000. 91.83% of the stock is 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.