Hasbro (HAS) Stock Rating Lowered by BidaskClub

Hasbro (NASDAQ:HAS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other brokerages have also recently commented on HAS. B. Riley initiated coverage on Hasbro in a research note on Thursday, December 21st. They set a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. DA Davidson reaffirmed a “buy” rating and set a $124.00 price objective (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. UBS Group set a $104.00 price objective on Hasbro and gave the stock a “hold” rating in a research note on Monday, November 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $102.00 price objective on shares of Hasbro in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $105.81.

Hasbro (NASDAQ:HAS) traded up $0.23 during midday trading on Tuesday, hitting $91.62. The stock had a trading volume of 1,386,900 shares, compared to its average volume of 1,373,991. The firm has a market cap of $11,410.00, a PE ratio of 19.54, a P/E/G ratio of 1.49 and a beta of 0.86. Hasbro has a one year low of $80.22 and a one year high of $116.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. equities research analysts forecast that Hasbro will post 5 earnings per share for the current year.

Several institutional investors have recently modified their holdings of HAS. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after purchasing an additional 32 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in shares of Hasbro in the second quarter valued at about $155,000. Highstreet Asset Management Inc. lifted its holdings in shares of Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Hasbro in the second quarter valued at about $229,000. Institutional investors own 79.73% of the company’s stock.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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