Hasbro (NASDAQ:HAS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hasbro from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating, with analysts’ average price target at $114.93.
• Hasbro reported a strong quarterly performance, posting $2.90 in adjusted EPS versus the $1.86 estimate and $1.60 billion in revenue, up 15% year over year.
• Hasbro shares opened at $119.09, near their 52-week high of $121.04, while company insiders sold 8,021 shares worth approximately $749,154 over the past three months.

Hasbro (NASDAQ:HAS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on HAS. UBS Group boosted their price objective on shares of Hasbro from $120.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday. Citigroup boosted their price target on Hasbro from $117.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. Jefferies Financial Group dropped their price objective on Hasbro from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Argus raised their price objective on Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their target price on Hasbro from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

Hasbro Trading Down 0.4%

Shares of NASDAQ HAS opened at $119.09 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.24 and a current ratio of 1.40. The business's 50 day moving average price is $96.38 and its 200-day moving average price is $92.36. Hasbro has a fifty-two week low of $74.78 and a fifty-two week high of $121.04. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.55 and a beta of 0.45.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $1.04. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.68 EPS. Hasbro's revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Hasbro will post 6.69 earnings per share for the current year.

Insider Buying and Selling at Hasbro

In related news, Director Elizabeth Hamren sold 1,975 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the sale, the director directly owned 9,896 shares in the company, valued at $918,744.64. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Holly Barbacovi sold 5,057 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the sale, the insider owned 37,486 shares of the company's stock, valued at $3,531,181.20. This trade represents a 11.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,021 shares of company stock valued at $749,154. Corporate insiders own 0.71% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HAS. Pension & Wealth Management Advisors Inc. purchased a new position in Hasbro during the third quarter worth approximately $27,000. Community Bank N.A. purchased a new stake in shares of Hasbro in the second quarter valued at approximately $26,000. Retirement Wealth Solutions LLC raised its stake in shares of Hasbro by 1,741.2% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company's stock worth $27,000 after buying an additional 296 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock worth $32,000 after buying an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the 1st quarter valued at approximately $37,000. Institutional investors own 91.83% of the company's stock.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.

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