Hasbro (NASDAQ:HAS) Stock Rating Lowered by StockNews.com

Hasbro (NASDAQ:HAS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson raised Hasbro to a “hold” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $51.88 on Tuesday. The firm has a market capitalization of $7.26 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock’s 50-day simple moving average is $60.16 and its 200-day simple moving average is $62.00.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities research analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Institutional Trading of Hasbro

Several large investors have recently bought and sold shares of HAS. Parvin Asset Management LLC purchased a new position in shares of Hasbro in the fourth quarter valued at $25,000. Sentry Investment Management LLC purchased a new position in Hasbro in the 1st quarter valued at about $28,000. Allworth Financial LP grew its stake in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro during the third quarter worth about $45,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds 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.