Hasbro (NASDAQ:HAS) Raised to "Hold" at StockNews.com

Hasbro (NASDAQ:HAS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. DA Davidson restated a "neutral" rating and set a $52.00 price target on shares of Hasbro in a research note on Tuesday, March 26th. Jefferies Financial Group lifted their price objective on shares of Hasbro from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Roth Mkm increased their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, TheStreet cut Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $61.90.

Hasbro Trading Down 0.4 %

HAS stock traded down $0.21 during mid-day trading on Monday, reaching $55.59. 1,197,350 shares of the stock traded hands, compared to its average volume of 1,713,896. The stock's fifty day moving average is $53.00 and its 200-day moving average is $51.23. The company has a market cap of $7.72 billion, a P/E ratio of -5.19, a P/E/G ratio of 1.48 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the company earned $1.31 EPS. Hasbro's revenue for the quarter was down 23.2% on a year-over-year basis. As a group, sell-side analysts expect that Hasbro will post 3.24 earnings per share for the current year.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently made changes to their positions in the company. Worth Asset Management LLC bought a new stake in shares of Hasbro in the first quarter valued at about $27,000. Carolinas Wealth Consulting LLC boosted its holdings in Hasbro by 60.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company's stock valued at $25,000 after purchasing an additional 117 shares during the period. Power Corp of Canada acquired a new position in shares of Hasbro during the 1st quarter worth approximately $29,000. Studio Investment Management LLC bought a new position in shares of Hasbro during the third quarter worth approximately $26,000. Finally, ING Groep NV acquired a new stake in shares of Hasbro in the third quarter valued at approximately $29,000. Institutional investors 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.

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