Hasbro, Inc. (NASDAQ:HAS) Short Interest Update

Hasbro, Inc. (NASDAQ:HAS – Get Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 9,870,000 shares, an increase of 20.2% from the April 15th total of 8,210,000 shares. Approximately 7.7% of the shares of the stock are short sold. Based on an average daily volume of 1,980,000 shares, the days-to-cover ratio is presently 5.0 days.

Wall Street Analyst Weigh In

HAS has been the topic of several analyst reports. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Hasbro in a report on Friday, April 28th. StockNews.com downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Monness Crespi & Hardt cut their price target on shares of Hasbro from $106.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Truist Financial cut their price target on shares of Hasbro from $70.00 to $62.00 in a research report on Friday, February 17th. Finally, The Goldman Sachs Group downgraded shares of Hasbro from a “buy” rating to a “neutral” rating and set a $64.00 target price on the stock. in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Hold” and a consensus price target of $75.00.

Hasbro Stock Up 1.9 %

HAS opened at $61.19 on Monday. Hasbro has a fifty-two week low of $45.75 and a fifty-two week high of $92.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.96 and a current ratio of 1.34. The company has a market capitalization of $8.48 billion, a P/E ratio of 71.15, a P/E/G ratio of 5.45 and a beta of 0.74. The stock has a fifty day moving average of $53.08 and a 200-day moving average of $57.94.

Hasbro (NASDAQ:HAS – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Hasbro had a return on equity of 18.56% and a net margin of 2.11%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $883.06 million. During the same period in the prior year, the business posted $0.57 EPS. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities analysts expect that Hasbro will post 4.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in Hasbro by 37.1% in the first quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock valued at $851,000 after acquiring an additional 2,810 shares during the last quarter. Private Advisor Group LLC grew its position in Hasbro by 14.2% in the first quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock valued at $562,000 after acquiring an additional 850 shares during the last quarter. MetLife Investment Management LLC grew its position in Hasbro by 23.0% in the first quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after acquiring an additional 6,597 shares during the last quarter. Panagora Asset Management Inc. grew its position in Hasbro by 61.8% in the first quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock valued at $1,486,000 after acquiring an additional 6,927 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Hasbro by 2.5% in the first quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after acquiring an additional 5,054 shares during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

Hasbro Company Profile

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Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.