Todays Report: Today: Hasbro’s (HAS) “Neutral” Rating Reaffirm at Piper Jaffray Cos.

Today: Hasbro’s (HAS) “Neutral” Rating Reaffirm at Piper Jaffray Cos.

Hasbro Inc. (NASDAQ:HAS)‘s stock had its “neutral” rating restated by stock analysts at Piper Jaffray Cos. in a report issued on Monday.

A number of other analysts have also issued reports on HAS. Vetr lowered Hasbro from a “buy” rating to a “hold” rating and set a $85.90 target price on the stock. in a report on Friday, August 12th. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, September 19th. Jefferies Group reissued a “hold” rating and set a $82.00 price objective on shares of Hasbro in a report on Thursday, October 13th. MKM Partners reissued a “neutral” rating and set a $84.00 price objective on shares of Hasbro in a report on Friday, October 14th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Hasbro in a report on Friday, October 21st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus target price of $86.90.

Shares of Hasbro (NASDAQ:HAS) opened at 87.94 on Monday. The firm has a 50-day moving average price of $82.72 and a 200 day moving average price of $82.70. Hasbro has a 12 month low of $64.91 and a 12 month high of $88.53. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 20.89 and a beta of 0.85.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, October 17th. The company reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.29. Hasbro had a return on equity of 32.27% and a net margin of 11.01%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business earned $1.58 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, analysts anticipate that Hasbro will post $4.13 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC purchased a new stake in Hasbro during the first quarter worth $672,000. Panagora Asset Management Inc. increased its stake in Hasbro by 10.1% in the first quarter. Panagora Asset Management Inc. now owns 120,593 shares of the company’s stock worth $9,659,000 after buying an additional 11,049 shares during the last quarter. Arizona State Retirement System increased its stake in Hasbro by 0.7% in the first quarter. Arizona State Retirement System now owns 41,905 shares of the company’s stock worth $3,357,000 after buying an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Hasbro by 32.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,433 shares of the company’s stock worth $512,000 after buying an additional 1,564 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in Hasbro by 151.0% in the first quarter. First Republic Investment Management Inc. now owns 68,381 shares of the company’s stock worth $5,478,000 after buying an additional 41,138 shares during the last quarter. Hedge funds and other institutional investors own 78.26% of the company’s stock.

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