BidaskClub Downgrades Hasbro (HAS) to Hold

BidaskClub downgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a hold rating in a research report report published on Wednesday.

Several other research firms have also commented on HAS. MKM Partners raised shares of Hasbro from a neutral rating to a buy rating and raised their price objective for the company from $92.00 to $115.00 in a research note on Wednesday, August 15th. TheStreet raised shares of Hasbro from a c+ rating to a b rating in a research note on Monday, July 23rd. SunTrust Banks raised their price objective on shares of Hasbro to $108.00 and gave the company a hold rating in a research note on Tuesday, July 24th. Monness Crespi & Hardt lowered shares of Hasbro from a buy rating to a neutral rating in a research note on Tuesday, July 24th. Finally, KeyCorp raised their price objective on shares of Hasbro from $118.00 to $120.00 and gave the company an overweight rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $105.20.

Shares of NASDAQ HAS traded down $0.79 during midday trading on Wednesday, hitting $92.71. The company’s stock had a trading volume of 1,543,756 shares, compared to its average volume of 1,694,663. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.11 and a current ratio of 2.41. Hasbro has a 1 year low of $79.00 and a 1 year high of $109.60. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.87 and a beta of 0.89.



Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $2.09 EPS. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities analysts predict that Hasbro will post 4.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a $0.63 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $2.52 annualized dividend and a yield of 2.72%. Hasbro’s dividend payout ratio (DPR) is 46.15%.

In related news, SVP Tarrant L. Sibley sold 1,525 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total value of $152,500.00. Following the sale, the senior vice president now owns 21,262 shares of the company’s stock, valued at $2,126,200. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Deborah Thomas sold 19,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the completion of the sale, the chief financial officer now directly owns 97,083 shares in the company, valued at approximately $9,788,878.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,971 shares of company stock worth $7,697,608. 9.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Hasbro in the second quarter valued at approximately $136,000. Cerebellum GP LLC acquired a new stake in Hasbro in the second quarter valued at approximately $165,000. CenterStar Asset Management LLC raised its holdings in Hasbro by 98.7% in the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock valued at $183,000 after acquiring an additional 987 shares in the last quarter. Cape ANN Savings Bank acquired a new stake in Hasbro in the third quarter valued at approximately $205,000. Finally, CIBC World Markets Inc. acquired a new stake in Hasbro during the first quarter worth approximately $206,000. 80.08% of the stock is currently owned by hedge funds and other institutional investors.

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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