Hasbro (NASDAQ:HAS) Rating Lowered to Hold at Zacks Research

Hasbro (NASDAQ:HAS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on HAS. Morgan Stanley lifted their price target on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Roth Capital decreased their price objective on shares of Hasbro from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America raised their price objective on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average target price of $110.79.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $78.42 on Monday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The business’s fifty day moving average price is $85.97 and its two-hundred day moving average price is $90.27. Hasbro has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of -47.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. As a group, analysts predict that Hasbro will post 6.03 EPS for the current fiscal year.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares in the last quarter. State Street Corp boosted its holdings in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares during the last quarter. AQR Capital Management LLC increased its position in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hasbro by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.