Hasbro, Inc. (NASDAQ:HAS) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 7,370,000 shares, a growth of 23.9% from the September 30th total of 5,950,000 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is presently 6.2 days.

HAS has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Hasbro from $110.00 to $111.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. UBS Group raised their price objective on shares of Hasbro from $96.00 to $117.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Wells Fargo & Co raised their price objective on shares of Hasbro from $95.00 to $111.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. BMO Capital Markets decreased their price objective on shares of Hasbro from $105.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Finally, KeyCorp decreased their price objective on shares of Hasbro from $135.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hasbro currently has an average rating of “Buy” and a consensus target price of $119.21.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Miles Capital Inc. lifted its position in Hasbro by 1.5% during the second quarter. Miles Capital Inc. now owns 6,073 shares of the company’s stock valued at $642,000 after purchasing an additional 90 shares during the last quarter. 6 Meridian lifted its position in Hasbro by 1.9% during the second quarter. 6 Meridian now owns 5,548 shares of the company’s stock valued at $586,000 after purchasing an additional 103 shares during the last quarter. Parallel Advisors LLC lifted its position in Hasbro by 20.5% during the third quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock valued at $74,000 after purchasing an additional 106 shares during the last quarter. Motco lifted its position in Hasbro by 0.3% during the third quarter. Motco now owns 43,459 shares of the company’s stock valued at $5,158,000 after purchasing an additional 112 shares during the last quarter. Finally, Creative Planning lifted its position in Hasbro by 1.6% during the second quarter. Creative Planning now owns 7,704 shares of the company’s stock valued at $814,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Shares of HAS traded up $1.33 during trading hours on Thursday, hitting $95.33. The company’s stock had a trading volume of 1,011,500 shares, compared to its average volume of 1,178,493. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.33 and a quick ratio of 1.93. The business has a 50 day simple moving average of $108.86 and a two-hundred day simple moving average of $108.57. Hasbro has a 52-week low of $76.84 and a 52-week high of $126.87.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.38). The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a return on equity of 30.40% and a net margin of 5.59%. Hasbro’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Research analysts predict that Hasbro will post 3.88 earnings per share for the current year.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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