ValuEngine downgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a hold rating in a report released on Tuesday, ValuEngine reports.

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.

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 Zacks’ consensus estimate of $2.22 by ($0.38). Hasbro had a return on equity of 30.40% and a net margin of 5.59%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Hasbro will post 3.81 earnings per share for the current fiscal year.

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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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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