Hasbro (HAS) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Hasbro (NASDAQ:HAS) from a hold rating to a sell rating in a report published on Wednesday morning.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Hasbro from a buy rating to a hold rating in a research report on Wednesday, August 16th. Goldman Sachs Group reiterated a buy rating and set a $118.00 target price on shares of Hasbro in a research report on Monday, October 2nd. Jefferies Group reiterated a buy rating and set a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. Stifel Nicolaus dropped their price target on shares of Hasbro from $104.00 to $100.00 and set a hold rating for the company in a research note on Tuesday, October 24th. Finally, KeyCorp reissued an overweight rating and set a $112.00 price target on shares of Hasbro in a research note on Wednesday, August 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $105.99.

Shares of Hasbro (HAS) traded down $0.30 during mid-day trading on Wednesday, hitting $90.81. 1,429,300 shares of the stock were exchanged, compared to its average volume of 1,339,332. Hasbro has a 12 month low of $77.20 and a 12 month high of $116.20. The firm has a market capitalization of $11,348.26, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business earned $2.03 earnings per share. Hasbro’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Hasbro will post 5 earnings per share for the current year.

A number of large investors have recently modified their holdings of HAS. Janus Henderson Group PLC increased its stake in Hasbro by 13,379.9% in the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock valued at $214,980,000 after purchasing an additional 1,913,599 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hasbro by 311.6% in the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after purchasing an additional 1,648,675 shares in the last quarter. FMR LLC increased its stake in Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after purchasing an additional 868,073 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Hasbro by 308.1% in the second quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after purchasing an additional 782,881 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after purchasing an additional 700,898 shares in the last quarter. 79.83% of the stock is owned by hedge funds and other institutional investors.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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