Hasbro (NASDAQ:HAS) Stock Rating Lowered by ValuEngine
Several other research firms also recently issued reports on HAS. BMO Capital Markets dropped their price target on shares of Hasbro from $105.00 to $90.00 and set a market perform rating for the company in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on shares of Hasbro from $110.00 to $111.00 and gave the stock a hold rating in a research note on Tuesday, October 1st. UBS Group upgraded Hasbro from a neutral rating to a buy rating and set a $117.00 price objective for the company in a report on Monday, November 25th. DA Davidson reaffirmed a buy rating on shares of Hasbro in a research report on Friday, August 23rd. Finally, Jefferies Financial Group set a $130.00 target price on Hasbro and gave the stock a buy rating in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $119.21.
Shares of NASDAQ HAS opened at $99.23 on Tuesday. The company has a 50 day simple moving average of $101.15 and a 200 day simple moving average of $108.27. The firm has a market cap of $12.84 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. Hasbro has a 1 year low of $76.84 and a 1 year high of $126.87. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.33 and a quick ratio of 1.93.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Hasbro by 13.1% in the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after purchasing an additional 1,106,949 shares in the last quarter. Vanguard Group Inc. increased its position in Hasbro by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock valued at $1,493,216,000 after buying an additional 533,737 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Hasbro in the 2nd quarter valued at about $52,180,000. Veritas Investment Management LLP acquired a new position in Hasbro during the 2nd quarter worth approximately $45,199,000. Finally, Balyasny Asset Management LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $32,243,000. 85.42% of the stock is currently owned by institutional investors.
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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