Hasbro (HAS) Earns “Market Perform” Rating from Wells Fargo & Co

Hasbro (NASDAQ:HAS)‘s stock had its “market perform” rating reissued by research analysts at Wells Fargo & Co in a report issued on Thursday, February 8th. They currently have a $100.00 price target on the stock, up from their previous price target of $95.00. Wells Fargo & Co’s price target indicates a potential upside of 3.40% from the company’s previous close.

Several other equities analysts also recently issued reports on HAS. KeyCorp increased their price objective on shares of Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, October 16th. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. B. Riley raised their price target on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays raised shares of Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price target on the stock in a research note on Tuesday, October 24th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $109.87.

Hasbro (NASDAQ HAS) traded up $1.15 during mid-day trading on Thursday, reaching $96.71. 1,370,100 shares of the company traded hands, compared to its average volume of 1,902,431. The firm has a market capitalization of $11,902.53, a price-to-earnings ratio of 31.03, a PEG ratio of 1.53 and a beta of 0.86. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro has a 52 week low of $87.92 and a 52 week high of $116.20.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. research analysts predict that Hasbro will post 5.37 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial For Lutherans grew its holdings in shares of Hasbro by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after purchasing an additional 140 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hasbro by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 436,606 shares of the company’s stock valued at $48,683,000 after purchasing an additional 19,562 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Hasbro in the second quarter valued at approximately $525,000. Moors & Cabot Inc. acquired a new position in shares of Hasbro in the second quarter valued at approximately $229,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Hasbro by 66.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 41,200 shares of the company’s stock valued at $4,594,000 after purchasing an additional 16,400 shares in the last quarter. Institutional investors and hedge funds own 79.86% of the company’s stock.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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