Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $73.18.
HAS has been the topic of a number of research reports. Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday. DA Davidson restated a "neutral" rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus increased their target price on Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley raised their target price on shares of Hasbro from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a report on Tuesday, October 1st.
Read Our Latest Report on HAS
Several large investors have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its stake in Hasbro by 14.0% during the first quarter. NBC Securities Inc. now owns 4,744 shares of the company's stock worth $268,000 after purchasing an additional 584 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Hasbro by 20.1% in the first quarter. Park Avenue Securities LLC now owns 10,070 shares of the company's stock worth $569,000 after purchasing an additional 1,685 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Hasbro during the first quarter valued at $209,000. CHICAGO TRUST Co NA lifted its stake in Hasbro by 27.3% in the first quarter. CHICAGO TRUST Co NA now owns 12,526 shares of the company's stock valued at $708,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its position in Hasbro by 74.4% during the first quarter. Thompson Investment Management Inc. now owns 9,286 shares of the company's stock worth $525,000 after buying an additional 3,961 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:HAS opened at $72.94 on Friday. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The company's 50-day moving average is $69.41 and its two-hundred day moving average is $63.15. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of -7.19, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.44. The business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. Research analysts expect that Hasbro will post 3.94 EPS for the current year.
Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.
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