Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hasbro (HAS) Stock Price
Media headlines about Hasbro (NASDAQ:HAS) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hasbro earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2037111400035 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Mattel snubs buyout offer from rival Hasbro (nypost.com)
- Mattel snubs Hasbro’s latest attempt to create a giant toy company (businessinsider.com)
- [$$] Christmas cancelled for Mattel short sellers (finance.yahoo.com)
- Mattel Drops on Report That It Rebuffed Approach From Hasbro (finance.yahoo.com)
- Mattel snubs Hasbro's takeover approach, according to rep… (finance.yahoo.com)
Hasbro (HAS) traded down $1.23 during trading hours on Thursday, reaching $94.75. 1,424,300 shares of the company’s stock were exchanged, compared to its average volume of 1,364,489. The firm has a market cap of $11,954.85, a P/E ratio of 20.47, a PEG ratio of 1.92 and a beta of 0.87. 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 has a twelve month low of $77.20 and a twelve month high of $116.20.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. research analysts expect that Hasbro will post 5 EPS for the current fiscal year.
A number of research firms have recently commented on HAS. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and issued a $125.00 target price on shares of Hasbro in a report on Friday, July 21st. DA Davidson reissued a “buy” rating and issued a $124.00 target price (up previously from $121.00) on shares of Hasbro in a report on Tuesday, October 24th. Finally, KeyCorp reissued an “overweight” rating and issued a $112.00 target price on shares of Hasbro in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus price target of $106.69.
In other news, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the sale, the president now owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan G. Hassenfeld sold 99,615 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.39, for a total transaction of $9,701,504.85. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The disclosure for this sale can be found here. Insiders have sold a total of 455,730 shares of company stock valued at $43,584,309 in the last three months. Insiders own 11.00% of the company’s stock.
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.
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