Hasbro (NASDAQ:HAS) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Hasbro has received a "sell (D-)" rating from Weiss Ratings, while multiple other analysts maintain a more positive outlook, with ten giving it a "buy" rating.
• The company's stock price target has increased significantly among several analysts, with Bank of America recently raising its target from $95.00 to $100.00.
• Hasbro reported earnings of $1.30 per share for the last quarter, surpassing estimates by $0.52, despite a 1.5% decline in revenue year-over-year.

Hasbro (NASDAQ:HAS - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also issued reports on the stock. Bank of America increased their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and increased their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Citigroup increased their price target on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Monness Crespi & Hardt increased their price target on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and an average target price of $87.64.

Hasbro Trading Up 1.0%

NASDAQ HAS opened at $75.57 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. Hasbro has a twelve month low of $49.00 and a twelve month high of $82.19. The firm has a market capitalization of $10.60 billion, a PE ratio of -18.61, a P/E/G ratio of 0.97 and a beta of 0.60. The stock's 50 day moving average is $77.80 and its 200 day moving average is $69.96.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same period in the previous year, the company posted $1.22 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by corporate insiders.

Institutional Trading of Hasbro

A number of large investors have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the second quarter worth approximately $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the second quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its stake in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of Hasbro in the second quarter worth approximately $35,000. Finally, IFP Advisors Inc grew its stake in shares of Hasbro by 489.2% in the second quarter. IFP Advisors Inc now owns 654 shares of the company's stock worth $48,000 after acquiring an additional 543 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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