Hasbro Inc. (HAS) Downgraded by Piper Jaffray Cos. to “Neutral”
Piper Jaffray Cos. downgraded shares of Hasbro Inc. (NASDAQ:HAS) from an overweight rating to a neutral rating in a research report report published on Monday morning. They currently have $88.00 target price on the stock. The analysts noted that the move was a valuation call.
HAS has been the subject of a number of other research reports. Vetr downgraded shares of Hasbro from a buy rating to a hold rating and set a $85.90 target price for the company. in a research report on Monday, September 5th. Barclays PLC reaffirmed an equal weight rating on shares of Hasbro in a research report on Friday, October 21st. Jefferies Group reaffirmed a hold rating and issued a $82.00 target price on shares of Hasbro in a research report on Wednesday, October 19th. Zacks Investment Research downgraded shares of Hasbro from a buy rating to a hold rating in a research report on Thursday, October 13th. Finally, MKM Partners reaffirmed a neutral rating and issued a $84.00 target price on shares of Hasbro in a research report on Friday, October 14th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $86.90.
Hasbro (NASDAQ:HAS) opened at 85.45 on Monday. Hasbro has a 52-week low of $64.91 and a 52-week high of $88.53. The firm’s 50-day moving average is $82.90 and its 200-day moving average is $82.67. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 20.30 and a beta of 0.85.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, October 17th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.29. Hasbro had a net margin of 11.01% and a return on equity of 32.27%. The company earned $1.68 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Analysts forecast that Hasbro will post $4.13 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in HAS. Conning Inc. raised its stake in shares of Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock valued at $224,000 after buying an additional 10 shares during the period. WFG Advisors LP raised its stake in shares of Hasbro by 0.4% in the second quarter. WFG Advisors LP now owns 2,543 shares of the company’s stock valued at $214,000 after buying an additional 11 shares during the period. IFC Holdings Incorporated FL raised its stake in shares of Hasbro by 0.4% in the second quarter. IFC Holdings Incorporated FL now owns 2,783 shares of the company’s stock valued at $231,000 after buying an additional 12 shares during the period. Albert D Mason Inc. raised its stake in shares of Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock valued at $241,000 after buying an additional 20 shares during the period. Finally, Pitcairn Co. raised its stake in shares of Hasbro by 1.1% in the second quarter. Pitcairn Co. now owns 3,373 shares of the company’s stock valued at $283,000 after buying an additional 37 shares during the period. 78.26% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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