Hasbro (NASDAQ:HAS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Barclays increased their price objective on shares of Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, July 24th. Zacks Investment Research raised shares of Hasbro from a “strong sell” rating to a “hold” rating in a research note on Monday, June 25th. TheStreet raised shares of Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Citigroup raised their target price on shares of Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, BMO Capital Markets raised their target price on shares of Hasbro from $75.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Hasbro has an average rating of “Buy” and an average price target of $107.59.

Shares of NASDAQ:HAS opened at $105.59 on Friday. Hasbro has a 12 month low of $79.00 and a 12 month high of $107.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.11 and a current ratio of 2.69. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.86 and a beta of 0.90.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 23rd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.19. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. The firm had revenue of $904.50 million for the quarter, compared to analyst estimates of $839.29 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was down 7.0% on a year-over-year basis. analysts expect that Hasbro will post 4.75 earnings per share for the current fiscal year.

In related news, EVP Dolph Johnson sold 22,842 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $101.39, for a total value of $2,315,950.38. Following the sale, the executive vice president now directly owns 31,843 shares in the company, valued at approximately $3,228,561.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deborah Thomas sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $100.63, for a total transaction of $1,006,300.00. Following the completion of the sale, the chief financial officer now owns 84,568 shares in the company, valued at $8,510,077.84. The disclosure for this sale can be found here. Insiders sold a total of 106,645 shares of company stock worth $10,796,944 over the last quarter. 9.90% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in HAS. Optimum Investment Advisors acquired a new stake in shares of Hasbro in the 1st quarter valued at approximately $117,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Hasbro in the 1st quarter valued at approximately $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Hasbro in the 2nd quarter valued at approximately $136,000. Cerebellum GP LLC acquired a new stake in shares of Hasbro in the 2nd quarter valued at approximately $165,000. Finally, CenterStar Asset Management LLC raised its position in shares of Hasbro by 98.7% in the 2nd quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock valued at $183,000 after acquiring an additional 987 shares during the period. Institutional investors and hedge funds own 80.08% 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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