Hasbro (NASDAQ:HAS) Stock Rating Lowered by StockNews.com

Hasbro (NASDAQ:HAS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other analysts also recently issued reports on HAS. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson upgraded Hasbro to a “hold” rating in a research report on Monday. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Price Performance

HAS stock traded down $0.86 during trading on Tuesday, reaching $52.49. The company’s stock had a trading volume of 1,448,995 shares, compared to its average volume of 1,653,833. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company’s fifty day moving average is $60.30 and its 200-day moving average is $62.07. The company has a market capitalization of $7.34 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro has a 1 year low of $49.00 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts expect that Hasbro will post 4.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Visionary Horizons LLC bought a new position in Hasbro in the first quarter worth approximately $618,000. CX Institutional boosted its stake in shares of Hasbro by 20.7% during the first quarter. CX Institutional now owns 4,698 shares of the company’s stock valued at $289,000 after purchasing an additional 807 shares in the last quarter. Michael S. Ryan Inc. purchased a new position in Hasbro during the first quarter valued at approximately $544,000. SG Americas Securities LLC raised its stake in Hasbro by 396.5% in the first quarter. SG Americas Securities LLC now owns 15,398 shares of the company’s stock worth $947,000 after buying an additional 12,297 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Hasbro by 13.4% during the first quarter. GAMMA Investing LLC now owns 3,534 shares of the company’s stock worth $217,000 after buying an additional 417 shares during the period. Institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.