Hasbro, Inc. (NASDAQ:HAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “Hasbro’s shares underperformed the industry year to date. Given the challenging retail environment for toys and increased competition from alternative modes of entertainment, we remain cautious about a major upturn in the stock’s performance. Further, estimates have been going down ahead of its third quarter earnings release. Nevertheless, consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets bode well. Also, the company has positive record of earnings surprises in recent quarters. Still, high costs along with macroeconomic and currency headwinds may pressurize profits.”

Several other analysts also recently weighed in on HAS. Argus initiated coverage on Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Hasbro in a research note on Monday, June 19th. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $107.84.

Hasbro (NASDAQ:HAS) traded up 0.48% during midday trading on Monday, hitting $96.72. The stock had a trading volume of 110,860 shares. The stock has a 50-day moving average price of $95.69 and a 200 day moving average price of $101.88. Hasbro has a one year low of $76.14 and a one year high of $116.20. The firm has a market cap of $12.10 billion, a PE ratio of 20.95 and a beta of 0.92.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts predict that Hasbro will post $5.07 earnings per share for the current year.

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In other news, Director Alan G. Hassenfeld sold 99,615 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.39, for a total value of $9,701,504.85. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 280,906 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock worth $145,144,664 in the last three months. Company insiders own 11.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its position in shares of Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Hasbro during the first quarter worth $131,000. Oakworth Capital Inc. raised its position in shares of Hasbro by 7.2% during the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Hasbro during the second quarter worth $155,000. Finally, Van ECK Associates Corp raised its position in shares of Hasbro by 7.0% during the first quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after purchasing an additional 108 shares during the period. 77.79% of the stock is currently owned by institutional investors.

Hasbro Company Profile

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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