Hasbro (NASDAQ:HAS) Downgraded by Wall Street Zen to “Buy”

Hasbro (NASDAQ:HAS) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

A number of other analysts have also recently weighed in on HAS. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group increased their price target on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Citigroup boosted their price objective on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $94.00 price objective on shares of Hasbro in a research note on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $92.25.

Hasbro Trading Down 2.7%

NASDAQ:HAS opened at $86.72 on Friday. The company has a market cap of $12.17 billion, a PE ratio of -21.63, a P/E/G ratio of 1.56 and a beta of 0.55. The business’s 50 day moving average is $81.02 and its two-hundred day moving average is $78.30. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. Hasbro has a 52 week low of $49.00 and a 52 week high of $89.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $1.73 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Hasbro will post 4.33 EPS for the current year.

Insider Activity

In other news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Institutional investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the 2nd quarter valued at about $28,000. First Horizon Corp acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Hasbro in the 3rd quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. acquired a new stake in Hasbro during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.