Hasbro (NASDAQ:HAS) Upgraded to Hold by StockNews.com

Hasbro (NASDAQ:HAS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities research analysts also recently weighed in on the company. Roth Mkm boosted their price target on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Bank of America boosted their price objective on Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Hold” and an average target price of $62.80.

Hasbro Price Performance

HAS stock opened at $58.14 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.13 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. The stock’s 50 day moving average is $53.64 and its two-hundred day moving average is $50.95. The company has a market capitalization of $8.07 billion, a PE ratio of -5.42, a P/E/G ratio of 0.96 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $1.31 earnings per share. Hasbro’s revenue was down 23.2% compared to the same quarter last year. Analysts predict that Hasbro will post 3.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IRON Financial LLC lifted its holdings in shares of Hasbro by 46.3% in the first quarter. IRON Financial LLC now owns 13,878 shares of the company’s stock valued at $784,000 after buying an additional 4,393 shares during the period. Rice Hall James & Associates LLC acquired a new stake in shares of Hasbro in the first quarter valued at $201,000. WASHINGTON TRUST Co lifted its holdings in shares of Hasbro by 13.6% in the first quarter. WASHINGTON TRUST Co now owns 102,422 shares of the company’s stock valued at $5,789,000 after buying an additional 12,297 shares during the period. Raymond James & Associates lifted its holdings in shares of Hasbro by 223.7% in the first quarter. Raymond James & Associates now owns 111,625 shares of the company’s stock valued at $6,309,000 after buying an additional 77,137 shares during the period. Finally, IFM Investors Pty Ltd raised its position in shares of Hasbro by 4.4% during the first quarter. IFM Investors Pty Ltd now owns 36,377 shares of the company’s stock worth $2,056,000 after purchasing an additional 1,539 shares during the period. 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.