Hasbro, Inc. (HAS) Rating Lowered to Sell at Zacks Investment Research

Hasbro, Inc. (NASDAQ:HAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “Hasbro’s shares underperformed the industry year to date. Given the challenging retail environment for toys and increased competition from alternative modes of entertainment, we remain cautious about a major upturn in the stock’s performance. Further, estimates have been going down ahead of its third quarter earnings release. Nevertheless, consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets bode well. Also, the company has positive record of earnings surprises in recent quarters. Still, high costs along with macroeconomic and currency headwinds may pressurize profits.”

Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price target (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Hasbro in a research note on Thursday, September 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.84.

Hasbro (NASDAQ:HAS) opened at 96.19 on Monday. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 20.83 and a beta of 0.92. The firm’s 50-day moving average price is $95.76 and its 200-day moving average price is $101.87. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same period in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post $5.07 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Hasbro, Inc. (HAS) Rating Lowered to Sell at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/hasbro-inc-has-rating-lowered-to-sell-at-zacks-investment-research.html.

In other news, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock valued at $145,144,664 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Hasbro during the 1st quarter worth approximately $131,000. Oakworth Capital Inc. raised its stake in shares of Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after acquiring an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Hasbro during the 2nd quarter worth approximately $155,000. Finally, Van ECK Associates Corp raised its stake in shares of Hasbro by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after acquiring an additional 108 shares in the last quarter. 77.79% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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 televisio

According to Zacks, “Hasbro’s shares underperformed the industry year to date. Given the challenging retail environment for toys and increased competition from alternative modes of entertainment, we remain cautious about a major upturn in the stock’s performance. Further, estimates have been going down ahead of its third quarter earnings release. Nevertheless, consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets bode well. Also, the company has positive record of earnings surprises in recent quarters. Still, high costs along with macroeconomic and currency headwinds may pressurize profits.”

Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price target (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Hasbro in a research note on Thursday, September 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.84.

Hasbro (NASDAQ:HAS) opened at 96.19 on Monday. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 20.83 and a beta of 0.92. The firm’s 50-day moving average price is $95.76 and its 200-day moving average price is $101.87. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same period in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post $5.07 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Hasbro, Inc. (HAS) Rating Lowered to Sell at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/hasbro-inc-has-rating-lowered-to-sell-at-zacks-investment-research.html.

In other news, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock valued at $145,144,664 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Hasbro during the 1st quarter worth approximately $131,000. Oakworth Capital Inc. raised its stake in shares of Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after acquiring an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Hasbro during the 2nd quarter worth approximately $155,000. Finally, Van ECK Associates Corp raised its stake in shares of Hasbro by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after acquiring an additional 108 shares in the last quarter. 77.79% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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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