Hasbro (HAS) Upgraded at Zacks Investment Research
Hasbro (NASDAQ:HAS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Hasbro is currently benefiting from new products and strategic partnerships, major theatrical releases, along with increased focus on gaming. Consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets is likely to continue driving the company’s top- and bottom–line performance. However, recent Toys "R" Us bankruptcy may continue to impact Hasbro’s revenue and operating profit in the near-term and weigh on its performance. Moreover, rising competition from alternative modes of entertainment might limit top-line growth, while high costs along with macroeconomic and currency headwinds may dent profits. Year to date, shares underperformed the industry. Estimate revisions in the current year earnings have been stable over the last 60 days.”
HAS has been the subject of a number of other research reports. B. Riley began coverage on shares of Hasbro in a report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $124.00 price target (up previously from $121.00) on shares of Hasbro in a report on Tuesday, October 24th. UBS Group set a $104.00 price target on shares of Hasbro and gave the company a “hold” rating in a report on Monday, November 13th. SunTrust Banks reiterated a “hold” rating and issued a $102.00 price target on shares of Hasbro in a report on Thursday, October 12th. Finally, KeyCorp reissued a “buy” rating and issued a $105.00 price objective on shares of Hasbro in a research note on Tuesday, October 24th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and a consensus price target of $105.81.
Shares of Hasbro (NASDAQ:HAS) traded up $0.71 during trading on Tuesday, reaching $93.54. 775,800 shares of the company’s stock were exchanged, compared to its average volume of 1,337,462. The stock has a market cap of $11,651.55, a P/E ratio of 19.99, a P/E/G ratio of 1.87 and a beta of 0.86. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. Hasbro has a 52 week low of $77.20 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The company 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%. Hasbro’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS. equities analysts anticipate that Hasbro will post 5 EPS for the current year.
Large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings 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 valued at $129,000 after acquiring an additional 32 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Hasbro during the second quarter valued at $155,000. Highstreet Asset Management Inc. boosted its holdings in shares of Hasbro by 105.2% during the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares during the period. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of Hasbro during the second quarter valued at $167,000. Institutional investors and hedge funds own 79.35% of the company’s stock.
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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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