Wall Street Zen Downgrades Hasbro (NASDAQ:HAS) to Buy

Hasbro (NASDAQ:HAS) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Roth Mkm set a $120.00 price objective on Hasbro in a research note on Wednesday, February 11th. BNP Paribas Exane assumed coverage on shares of Hasbro in a report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average target price of $115.00.

Hasbro Trading Down 0.9%

Shares of Hasbro stock opened at $94.49 on Friday. Hasbro has a 1-year low of $49.00 and a 1-year high of $106.98. The company’s fifty day simple moving average is $92.81 and its 200-day simple moving average is $83.38. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The stock has a market capitalization of $13.29 billion, a PE ratio of -40.21 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.Hasbro’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. As a group, equities analysts anticipate that Hasbro will post 4.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the transaction, the insider directly owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. The trade was a 17.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tarrant L. Sibley sold 15,148 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the sale, the executive vice president directly owned 50,174 shares of the company’s stock, valued at approximately $5,267,266.52. This trade represents a 23.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 413,342 shares of company stock worth $42,241,679. 0.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently modified their holdings of HAS. CYBER HORNET ETFs LLC purchased a new position in Hasbro during the second quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Hasbro in the 4th quarter valued at $27,000. MUFG Securities EMEA plc purchased a new stake in Hasbro in the 2nd quarter worth $28,000. First Horizon Corp purchased a new stake in Hasbro in the 3rd quarter worth $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in shares of Hasbro during the 3rd quarter valued at about $34,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.