Hasbro, Inc. (HAS) Receives Consensus Rating of “Hold” from Analysts

Hasbro, Inc. (NASDAQ:HAS) has earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $105.00.

HAS has been the topic of several analyst reports. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. BMO Capital Markets lowered Hasbro from a “market perform” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Monday, July 16th. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. KeyCorp raised their price objective on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Finally, Jefferies Financial Group set a $120.00 price objective on Hasbro and gave the stock a “buy” rating in a research report on Tuesday, July 24th.

HAS stock traded down $1.08 during midday trading on Monday, reaching $97.32. The stock had a trading volume of 1,109,712 shares, compared to its average volume of 1,840,561. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.95 and a current ratio of 2.41. The firm has a market capitalization of $12.70 billion, a P/E ratio of 17.82, a PEG ratio of 2.03 and a beta of 0.96. Hasbro has a 52-week low of $79.00 and a 52-week high of $109.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. On average, equities analysts forecast that Hasbro will post 4.25 earnings per share for the current year.

In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total value of $152,500.00. Following the completion of the transaction, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wiebe Tinga sold 6,000 shares of Hasbro stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total value of $598,800.00. Following the completion of the transaction, the executive vice president now directly owns 44,559 shares of the company’s stock, valued at $4,446,988.20. The disclosure for this sale can be found here. Insiders have sold a total of 81,971 shares of company stock valued at $8,296,408 over the last three months. Corporate insiders own 9.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Wetherby Asset Management Inc. grew its position in shares of Hasbro by 11.7% during the third quarter. Wetherby Asset Management Inc. now owns 4,962 shares of the company’s stock worth $522,000 after buying an additional 521 shares in the last quarter. Strs Ohio lifted its stake in Hasbro by 4.4% during the second quarter. Strs Ohio now owns 12,266 shares of the company’s stock worth $1,132,000 after purchasing an additional 522 shares during the last quarter. Ronna Sue Cohen lifted its stake in Hasbro by 1.2% during the third quarter. Ronna Sue Cohen now owns 42,561 shares of the company’s stock worth $4,474,000 after purchasing an additional 523 shares during the last quarter. Ffcm LLC lifted its stake in Hasbro by 12.1% during the third quarter. Ffcm LLC now owns 5,177 shares of the company’s stock worth $544,000 after purchasing an additional 557 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Hasbro by 0.8% during the third quarter. Arizona State Retirement System now owns 68,679 shares of the company’s stock worth $7,220,000 after purchasing an additional 561 shares during the last quarter. 78.82% of the stock is owned by institutional investors and hedge funds.

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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