Today: The Hasbro Inc. (HAS) Receives Consensus Recommendation of “Hold” from Analysts

The Hasbro Inc. (HAS) Receives Consensus Recommendation of “Hold” from Analysts

Hasbro Inc. (NASDAQ:HAS) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $86.99.

A number of research analysts recently commented on the company. Jefferies Group restated a “hold” rating and issued a $82.00 target price on shares of Hasbro in a research note on Thursday, October 13th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Vetr lowered Hasbro from a “buy” rating to a “hold” rating and set a $85.90 target price for the company. in a research note on Monday, September 5th. Barclays PLC restated an “equal weight” rating on shares of Hasbro in a research note on Friday, October 21st. Finally, MKM Partners restated a “hold” rating and issued a $84.00 target price on shares of Hasbro in a research note on Tuesday, July 12th.

Hasbro (NASDAQ:HAS) opened at 83.27 on Wednesday. The firm has a market cap of $10.45 billion, a P/E ratio of 19.78 and a beta of 1.00. Hasbro has a one year low of $64.91 and a one year high of $88.53. The stock’s 50 day moving average is $79.91 and its 200 day moving average is $82.83.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 17th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. Hasbro had a return on equity of 32.27% and a net margin of 11.01%. The company earned $1.68 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that Hasbro will post $4.13 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in HAS. Tower Research Capital LLC TRC acquired a new stake in shares of Hasbro during the second quarter valued at approximately $115,000. Mizuho Asset Management Co. Ltd. boosted its position in Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock valued at $124,000 after buying an additional 645 shares in the last quarter. Global X Management Co. LLC boosted its position in Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock valued at $131,000 after buying an additional 1,235 shares in the last quarter. Pacer Advisors Inc. boosted its position in Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock valued at $173,000 after buying an additional 366 shares in the last quarter. Finally, National Asset Management Inc. purchased a new position in Hasbro during the second quarter valued at about $203,000. Institutional investors own 76.78% of the company’s stock.

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