Hasbro (NASDAQ:HAS) Stock Rating Reaffirmed by BMO Capital Markets

Hasbro (NASDAQ:HAS)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a research note issued to investors on Monday, TipRanks reports. They currently have a $76.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 4.96% from the stock’s current price.

A number of other analysts have also issued reports on HAS. Goldman Sachs Group decreased their target price on shares of Hasbro from $103.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a $88.00 target price on shares of Hasbro in a research report on Tuesday, June 16th. Barclays decreased their target price on shares of Hasbro from $112.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday, June 23rd. Finally, UBS Group decreased their price target on shares of Hasbro from $117.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.76.

HAS stock opened at $72.41 on Monday. The company’s 50 day simple moving average is $74.95 and its 200-day simple moving average is $78.33. The firm has a market capitalization of $10.04 billion, a PE ratio of 22.08, a P/E/G ratio of 1.61 and a beta of 0.97. Hasbro has a 12 month low of $41.33 and a 12 month high of $126.87. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.91 and a quick ratio of 1.65.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 27th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.21). Hasbro had a net margin of 8.33% and a return on equity of 24.71%. The business had revenue of $860.30 million during the quarter, compared to analyst estimates of $986.51 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro will post 3.51 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Hasbro by 3.0% in the 1st quarter. BlackRock Inc. now owns 10,720,333 shares of the company’s stock valued at $767,039,000 after acquiring an additional 309,287 shares during the period. State Street Corp raised its stake in shares of Hasbro by 4.1% in the 1st quarter. State Street Corp now owns 5,537,769 shares of the company’s stock valued at $396,227,000 after acquiring an additional 215,965 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hasbro by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 3,842,565 shares of the company’s stock valued at $274,935,000 after acquiring an additional 190,606 shares during the period. HS Management Partners LLC purchased a new position in shares of Hasbro in the 1st quarter valued at $154,444,000. Finally, Geode Capital Management LLC increased its stake in Hasbro by 7.4% during the 1st quarter. Geode Capital Management LLC now owns 2,137,627 shares of the company’s stock worth $152,671,000 after buying an additional 146,578 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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