Hasbro (NASDAQ:HAS) Rating Lowered to “Hold” at Zacks Research

Hasbro (NASDAQ:HAS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on HAS. Weiss Ratings cut Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Bank of America lifted their price target on shares of Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company lowered their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 9th. Morgan Stanley raised their price objective on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.79.

Hasbro Stock Performance

HAS stock opened at $78.42 on Monday. Hasbro has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The firm has a market cap of $11.10 billion, a PE ratio of -47.24, a P/E/G ratio of 1.94 and a beta of 0.49. The business’s 50-day moving average price is $85.97 and its two-hundred day moving average price is $90.27.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, research analysts forecast that Hasbro will post 6.03 earnings per share for the current year.

Institutional Trading of Hasbro

A number of institutional investors have recently made changes to their positions in HAS. University of Texas Texas AM Investment Management Co. acquired a new position in Hasbro during the fourth quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Hasbro in the 2nd quarter valued at $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the 2nd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro during the 1st quarter worth about $37,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.