Hasbro (HAS) Stock Rating Lowered by TheStreet

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Hasbro (NASDAQ:HAS) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday.

HAS has been the topic of several other reports. BidaskClub cut Hasbro from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. ValuEngine cut Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. MKM Partners cut their target price on Hasbro to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. KeyCorp raised their target price on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. Finally, Wells Fargo & Co cut their target price on Hasbro from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $96.75.

Shares of NASDAQ:HAS opened at $88.88 on Friday. Hasbro has a 12-month low of $76.84 and a 12-month high of $109.60. The stock has a market cap of $11.31 billion, a PE ratio of 23.09, a P/E/G ratio of 1.49 and a beta of 0.99. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the business posted $2.30 earnings per share. As a group, analysts anticipate that Hasbro will post 5.14 EPS for the current year.

In other news, Director Alan G. Hassenfeld sold 5,350 shares of Hasbro stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $97.41, for a total transaction of $521,143.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 400,000 shares of Hasbro stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $97.41, for a total transaction of $38,964,000.00. Following the transaction, the director now owns 30,945 shares of the company’s stock, valued at $3,014,352.45. The disclosure for this sale can be found here. Insiders sold 707,570 shares of company stock valued at $68,963,682 over the last 90 days. 9.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Hasbro by 7,213.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after purchasing an additional 2,115,671 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Hasbro by 41.4% during the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Signet Investment Advisory Group Inc. purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $43,000. Ledyard National Bank lifted its holdings in shares of Hasbro by 1,455.6% during the fourth quarter. Ledyard National Bank now owns 700 shares of the company’s stock valued at $57,000 after purchasing an additional 655 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Hasbro by 20.3% during the fourth quarter. CWM LLC now owns 884 shares of the company’s stock valued at $72,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.

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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