Hasbro (NASDAQ:HAS) Rating Increased to Strong-Buy at Wall Street Zen

Hasbro (NASDAQ:HASGet Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued reports about the company. Wolfe Research raised their price objective on Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Jefferies Financial Group raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 29th. Finally, UBS Group lifted their target price on shares of Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $94.64.

View Our Latest Stock Report on HAS

Hasbro Stock Down 1.7%

Hasbro stock opened at $93.84 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The company’s 50-day moving average is $85.49 and its 200-day moving average is $80.19. The firm has a market capitalization of $13.17 billion, a PE ratio of -23.40, a P/E/G ratio of 1.71 and a beta of 0.56. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $97.41.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently made changes to their positions in HAS. EverSource Wealth Advisors LLC increased its stake in Hasbro by 10.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,374 shares of the company’s stock worth $605,000 after acquiring an additional 724 shares during the period. Evoke Wealth LLC increased its position in shares of Hasbro by 12.7% in the fourth quarter. Evoke Wealth LLC now owns 3,174 shares of the company’s stock worth $260,000 after purchasing an additional 358 shares during the period. Pinnbrook Capital Management LP raised its stake in Hasbro by 20.9% in the fourth quarter. Pinnbrook Capital Management LP now owns 48,419 shares of the company’s stock valued at $3,970,000 after purchasing an additional 8,386 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Hasbro by 4.6% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 106,211 shares of the company’s stock worth $8,709,000 after purchasing an additional 4,670 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Hasbro by 407.7% during the fourth quarter. Global Retirement Partners LLC now owns 6,026 shares of the company’s stock worth $494,000 after buying an additional 4,839 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

Hasbro Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.