Hasbro (NASDAQ:HAS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also weighed in on the company. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Roth Mkm raised their price target on Hasbro from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. The Goldman Sachs Group decreased their price objective on shares of Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Jefferies Financial Group lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $96.18.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $96.76 on Friday. 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 has a 50-day moving average price of $85.77 and a 200-day moving average price of $80.38. The company has a market cap of $13.58 billion, a price-to-earnings ratio of -24.13, a price-to-earnings-growth ratio of 1.68 and a beta of 0.56. Hasbro has a 12 month low of $49.00 and a 12 month high of $97.41.

Institutional Investors Weigh In On Hasbro

Several large investors have recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro during the second quarter valued at approximately $25,000. First Horizon Corp purchased a new position in Hasbro during the 3rd quarter worth $29,000. MUFG Securities EMEA plc purchased a new position in Hasbro during the 2nd quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro in the 3rd quarter worth $34,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Hasbro in the 2nd quarter worth $35,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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.