Wall Street Zen Downgrades Hasbro (NASDAQ:HAS) to Buy

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

HAS has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Citigroup lifted their price objective on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Roth Mkm set a $120.00 target price on shares of Hasbro in a research note on Wednesday, February 11th. Jefferies Financial Group increased their target price on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, The Goldman Sachs Group raised their target price on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Hasbro Trading Down 0.9%

Shares of HAS opened at $94.49 on Friday. The business’s 50-day moving average price is $92.81 and its 200 day moving average price is $83.33. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The stock has a market capitalization of $13.29 billion, a P/E ratio of -40.21, a P/E/G ratio of 1.64 and a beta of 0.54. Hasbro has a 1-year low of $49.00 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. Analysts expect that Hasbro will post 4.33 earnings per share for the current year.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the sale, the executive vice president owned 50,174 shares of the company’s stock, valued at $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the sale, the insider owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 413,342 shares of company stock valued at $42,241,679. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro in the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro during the 2nd quarter worth $28,000. First Horizon Corp acquired a new position in Hasbro in the 3rd quarter valued at $29,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Hasbro in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

About Hasbro

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.