Hasbro (NASDAQ:HAS) Downgraded by StockNews.com to "Hold"

Hasbro (NASDAQ:HAS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Several other analysts have also commented on HAS. Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. DA Davidson raised shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

Hasbro Stock Performance

HAS traded up $0.77 during trading on Tuesday, reaching $52.65. 1,446,517 shares of the company's stock were exchanged, compared to its average volume of 1,658,756. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro has a 1 year low of $49.00 and a 1 year high of $73.46. The company's fifty day simple moving average is $59.88 and its 200-day simple moving average is $61.65. The stock has a market capitalization of $7.37 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.02 billion. As a group, research analysts predict that Hasbro will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after buying an additional 404,527 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock worth $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after purchasing an additional 2,427,299 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.