Hasbro (HAS) Stock Rating Lowered by BidaskClub

Hasbro (NASDAQ:HAS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Several other brokerages have also weighed in on HAS. ValuEngine lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Wells Fargo & Co cut their price objective on shares of Hasbro from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, February 13th. Monness Crespi & Hardt upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Monday, February 11th. TheStreet lowered shares of Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of Hasbro from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.20.

Shares of HAS stock opened at $86.72 on Friday. The stock has a market cap of $10.90 billion, a PE ratio of 22.52, a P/E/G ratio of 1.68 and a beta of 0.91. Hasbro has a 1-year low of $76.84 and a 1-year high of $109.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.07 and a current ratio of 2.42.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 earnings per share. Analysts forecast that Hasbro will post 4.41 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of HAS. Capital Research Global Investors grew its position in Hasbro by 31.6% in the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock valued at $1,468,109,000 after acquiring an additional 3,356,518 shares in the last quarter. Jackson Square Partners LLC grew its position in shares of Hasbro by 203.6% during the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock worth $423,659,000 after buying an additional 2,702,931 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Hasbro by 7,213.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after buying an additional 2,115,671 shares in the last quarter. Norges Bank acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $92,891,000. Finally, Capital International Investors acquired a new stake in shares of Hasbro during the third quarter worth approximately $106,820,000. 88.67% of the stock is owned by institutional investors.

Hasbro Company Profile

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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