Hasbro (NASDAQ:HAS) Upgraded at Zacks Research

Hasbro (NASDAQ:HAS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price target on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Morgan Stanley upped their price objective on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Bank of America increased their target price on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Stock Performance

Hasbro stock opened at $86.38 on Wednesday. Hasbro has a 52 week low of $64.85 and a 52 week high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The stock has a market cap of $12.22 billion, a P/E ratio of -52.04, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. The stock has a 50 day moving average of $92.63 and a 200-day moving average of $89.81.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, analysts expect that Hasbro will post 5.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the business. Kentucky Retirement Systems bought a new position in Hasbro in the first quarter worth about $892,000. Oddo BHF Asset Management Sas grew its holdings in shares of Hasbro by 3.0% during the first quarter. Oddo BHF Asset Management Sas now owns 14,519 shares of the company’s stock valued at $1,359,000 after purchasing an additional 428 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Hasbro during the first quarter valued at approximately $986,000. Smith Group Asset Management LLC raised its position in shares of Hasbro by 7.2% during the 1st quarter. Smith Group Asset Management LLC now owns 545,638 shares of the company’s stock worth $51,072,000 after purchasing an additional 36,852 shares during the period. Finally, Opal Capital LLC acquired a new stake in shares of Hasbro during the 1st quarter worth approximately $612,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.