According to Zacks, “Shares of Hasbro have outperformed the industry in a year’s time. Product launches, various sales boosting initiatives and a favorable gaming portfolio bode well for the company. Consistent efforts to establish global presence via strategic partnerships and rapid growth in emerging markets should drive performance. However, both earnings and revenues have been persistently declining due to the liquidation of Toys “R” Us in the United States and the United Kingdom. Unsold inventory in Europe is also hampering the company’s results. Geographically, net revenues from the United States and Canada segment, as well as the International segment have been weak. Rising competition from alternative modes of entertainment might prove detrimental to profits in the months ahead. Estimates for current-quarter and year have witnessed downward revisions over the past 30 days, reflecting analysts’ worry.”
Several other equities analysts also recently commented on HAS. BidaskClub upgraded shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet downgraded shares of Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Wells Fargo & Co reduced their target price on shares of Hasbro from $90.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, March 21st. BMO Capital Markets raised shares of Hasbro from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $75.00 to $88.00 in a research report on Monday, March 4th. Finally, ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Hasbro presently has an average rating of “Buy” and an average price target of $103.43.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Hasbro’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, analysts predict that Hasbro will post 4.32 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in HAS. Oregon Public Employees Retirement Fund boosted its position in shares of Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,115,671 shares during the period. Norges Bank bought a new stake in Hasbro during the fourth quarter worth about $92,891,000. Macquarie Group Ltd. lifted its position in Hasbro by 207.6% during the third quarter. Macquarie Group Ltd. now owns 1,421,542 shares of the company’s stock worth $149,433,000 after purchasing an additional 959,350 shares during the period. JPMorgan Chase & Co. lifted its position in Hasbro by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after purchasing an additional 701,535 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Hasbro by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after purchasing an additional 597,909 shares during the period. 89.74% of the stock is owned by institutional investors.
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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