Hasbro (NASDAQ:HAS) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a strong-buy rating in a research report report published on Saturday, BidAskClub reports.

A number of other research analysts have also issued reports on the company. UBS Group raised Hasbro from a neutral rating to a buy rating and set a $117.00 target price on the stock in a report on Monday, November 25th. SunTrust Banks lowered their target price on Hasbro from $118.00 to $102.00 and set a hold rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus lifted their target price on Hasbro from $110.00 to $111.00 and gave the stock a hold rating in a report on Tuesday, October 1st. DA Davidson reiterated a buy rating on shares of Hasbro in a research report on Friday, August 23rd. Finally, Jefferies Financial Group set a $130.00 price target on Hasbro and gave the company a buy rating in a research report on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hasbro has an average rating of Buy and a consensus target price of $119.21.

NASDAQ:HAS opened at $100.49 on Friday. The business’s 50-day moving average price is $101.59 and its 200 day moving average price is $108.26. The firm has a market cap of $12.84 billion, a P/E ratio of 26.10, a PEG ratio of 2.43 and a beta of 1.05. Hasbro has a 52-week low of $76.84 and a 52-week high of $126.87. The company has a quick ratio of 1.93, a current ratio of 2.33 and a debt-to-equity ratio of 0.92.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.38). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a return on equity of 30.40% and a net margin of 5.59%. Hasbro’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 earnings per share. Sell-side analysts expect that Hasbro will post 3.81 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Miles Capital Inc. boosted its position in Hasbro by 1.5% during the 2nd quarter. Miles Capital Inc. now owns 6,073 shares of the company’s stock worth $642,000 after acquiring an additional 90 shares during the period. Parallel Advisors LLC boosted its position in Hasbro by 20.5% during the 3rd quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock worth $74,000 after acquiring an additional 106 shares during the period. Motco boosted its position in Hasbro by 0.3% during the 3rd quarter. Motco now owns 43,459 shares of the company’s stock worth $5,158,000 after acquiring an additional 112 shares during the period. Creative Planning boosted its position in Hasbro by 1.6% during the 2nd quarter. Creative Planning now owns 7,704 shares of the company’s stock worth $814,000 after acquiring an additional 123 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in Hasbro by 4.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 2,775 shares of the company’s stock worth $329,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 85.42% of the company’s stock.

Hasbro Company Profile

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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