Hasbro (NASDAQ:HAS) Raised to Strong-Buy at Wall Street Zen

Hasbro (NASDAQ:HASGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also weighed in on the company. Jefferies Financial Group upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 29th. Roth Mkm boosted their price target on Hasbro from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. UBS Group raised their price objective on Hasbro from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Morgan Stanley boosted their target price on shares of Hasbro from $94.00 to $103.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.18.

Get Our Latest Research Report on HAS

Hasbro Trading Down 1.7%

NASDAQ HAS opened at $93.84 on Friday. Hasbro has a one year low of $49.00 and a one year high of $97.41. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of -23.40, a price-to-earnings-growth ratio of 1.68 and a beta of 0.56. The company’s 50-day simple moving average is $85.49 and its two-hundred day simple moving average is $80.23.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Hasbro in the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC increased its holdings in Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP increased its holdings in Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Hasbro in the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

About Hasbro

(Get Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

Further Reading

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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