Hasbro (NASDAQ:HAS) Upgraded at StockNews.com

Hasbro (NASDAQ:HAS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson lifted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Performance

NASDAQ HAS opened at $61.49 on Tuesday. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.60 and a beta of 0.51. The business’s 50 day moving average is $61.04 and its two-hundred day moving average is $63.63. Hasbro has a 12-month low of $54.26 and a 12-month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Research analysts expect that Hasbro will post 4.33 EPS for the current year.

Hedge Funds Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the stock. Parvin Asset Management LLC purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Hasbro in the third quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Hasbro in the third quarter valued at $40,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the fourth quarter valued at $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Company Profile

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.