Hasbro (NASDAQ:HAS) Hits New 12-Month High – Should You Buy?

Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week high on Monday . The company traded as high as $89.20 and last traded at $88.9350, with a volume of 34165 shares changing hands. The stock had previously closed at $88.68.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Wolfe Research raised their price target on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Roth Mkm set a $96.00 price target on shares of Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a report on Sunday, December 14th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Hasbro Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The company’s 50-day moving average is $82.91 and its two-hundred day moving average is $79.12. The stock has a market capitalization of $12.51 billion, a P/E ratio of -22.23, a P/E/G ratio of 1.59 and a beta of 0.55.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. Hasbro’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares in the company, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the 2nd quarter valued at about $28,000. First Horizon Corp acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $35,000. 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.