Hasbro (NASDAQ:HAS) Upgraded by StockNews.com to Hold

Hasbro (NASDAQ:HAS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. DA Davidson restated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. Bank of America upped their target price on shares of Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Roth Mkm upped their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.80.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $58.14 on Wednesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a market capitalization of $8.07 billion, a P/E ratio of -5.42, a P/E/G ratio of 0.96 and a beta of 0.74. The firm’s 50 day simple moving average is $53.64 and its two-hundred day simple moving average is $50.95.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $1.31 EPS. Hasbro’s revenue for the quarter was down 23.2% compared to the same quarter last year. Research analysts expect that Hasbro will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC purchased a new stake in shares of Hasbro in the third quarter valued at $26,000. ING Groep NV purchased a new position in Hasbro in the 3rd quarter worth about $29,000. Parkside Financial Bank & Trust increased its stake in Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares during the period. Orion Capital Management LLC purchased a new position in Hasbro in the 3rd quarter worth about $37,000. Finally, Optiver Holding B.V. purchased a new position in Hasbro in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

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.