Hasbro, Inc. (NASDAQ:HAS) Given Average Rating of "Moderate Buy" by Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $66.27.

Several research analysts have commented on HAS shares. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Bank of America boosted their price target on shares of Hasbro from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, April 25th. TheStreet cut shares of Hasbro from a "c-" rating to a "d+" rating in a report on Tuesday, February 13th. StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a report on Wednesday, April 24th. Finally, Roth Mkm upped their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, April 25th.

Hasbro Stock Down 3.4 %

HAS traded down $2.15 during trading hours on Wednesday, hitting $60.33. 2,008,924 shares of the company's stock were exchanged, compared to its average volume of 1,704,957. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The firm has a 50 day moving average of $58.01 and a 200 day moving average of $52.17. The firm has a market cap of $8.40 billion, a P/E ratio of -5.98, a price-to-earnings-growth ratio of 0.99 and a beta of 0.67. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to analysts' expectations of $739.84 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm's revenue was down 24.3% on a year-over-year basis. Analysts predict that Hasbro will post 3.66 EPS for the current fiscal year.

Institutional Trading of Hasbro

A number of large investors have recently bought and sold shares of HAS. Capital Research Global Investors raised its position in Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company's stock worth $785,367,000 after buying an additional 3,273,563 shares during the last quarter. Swedbank AB purchased a new position in Hasbro during the 1st quarter worth $82,523,000. Norges Bank purchased a new position in Hasbro during the 4th quarter worth $70,544,000. Ameriprise Financial Inc. raised its position in Hasbro by 176.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company's stock worth $86,763,000 after buying an additional 836,474 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in Hasbro by 31.6% during the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company's stock worth $162,801,000 after buying an additional 765,898 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

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.