Hasbro (NASDAQ:HAS) Stock Rating Lowered by Wall Street Zen

Hasbro (NASDAQ:HAS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also recently weighed in on HAS. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. BNP Paribas Exane reduced their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. UBS Group restated a “buy” rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Finally, DA Davidson dropped their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.07.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $93.94 on Friday. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The company has a 50-day moving average price of $84.47 and a 200-day moving average price of $90.63. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro will post 6.13 EPS for the current year.

Insider Activity

In other news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider owned 54,229 shares of the company’s stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina M. Goetter sold 11,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the completion of the transaction, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. The trade was a 11.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,451 shares of company stock worth $3,987,379 over the last three months. 0.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro in the 4th quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the 2nd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 valued at $32,000 after purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Hasbro in the 1st quarter worth $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

About Hasbro

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.