November 28, 2016 - By Ellis Scott
In a an analyst report sent to investors on Monday morning, PiperJaffray has cut Hasbro (NASDAQ:HAS) stock to “Neutral”. HAS’s old rating was “Overweight”.
Out of 14 analysts covering Hasbro Inc. (NASDAQ:HAS), 4 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 29% are positive. $98 is the highest target while $72 is the lowest. The $83.36 average target is -2.17% below today’s ($85.21) stock price. Hasbro Inc. has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, February 9. The stock of Hasbro, Inc. (NASDAQ:HAS) has “Market Perform” rating given on Tuesday, July 21 by BMO Capital Markets. M Partners maintained the stock with “Neutral” rating in Tuesday, October 13 report. The firm earned “Equal-Weight” rating on Tuesday, April 19 by Barclays Capital. The firm earned “Equalweight” rating on Tuesday, July 19 by Barclays Capital. The stock has “Neutral” rating given by JP Morgan on Thursday, April 7. Jefferies maintained the shares of HAS in a report on Tuesday, April 12 with “Hold” rating. JP Morgan maintained Hasbro, Inc. (NASDAQ:HAS) on Tuesday, April 19 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, May 10 by Piper Jaffray. On Thursday, March 24 the stock rating was initiated by UBS with “Neutral”.
About 1.22 million shares traded hands. Hasbro, Inc. (NASDAQ:HAS) has risen 0.80% since April 25, 2016 and is uptrending. It has underperformed by 5.21% the S&P500.
Analysts await Hasbro, Inc. (NASDAQ:HAS) to report earnings on February, 13. They expect $1.32 EPS, down 5.04% or $0.07 from last year’s $1.39 per share. HAS’s profit will be $166.67M for 16.14 P/E if the $1.32 EPS becomes a reality. After $2.03 actual EPS reported by Hasbro, Inc. for the previous quarter, Wall Street now forecasts -34.98% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.12, from 1.18 in 2016Q1. The ratio fall, as 33 funds sold all Hasbro, Inc. shares owned while 161 reduced positions. 55 funds bought stakes while 173 increased positions. They now own 93.88 million shares or 5.57% less from 99.42 million shares in 2016Q1.
The Maine-based Schroder Invest Management Gp has invested 0.05% in Hasbro, Inc. (NASDAQ:HAS). Dekabank Deutsche Girozentrale last reported 0% of its portfolio in the stock. Old National Retail Bank In owns 6,150 shares or 0.03% of their US portfolio. Baker Ellis Asset Mngmt Limited Liability Corp accumulated 0.09% or 3,477 shares. Rice Hall James And Assoc owns 25,715 shares or 0.12% of their US portfolio. Leavell Inv Management holds 0.14% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 10,910 shares. Aperio Group Limited Co, a California-based fund reported 54,600 shares. Sg Americas Securities Ltd Liability Co has 23,819 shares for 0.01% of their US portfolio. Rhumbline Advisers reported 192,068 shares or 0.05% of all its holdings. The New York-based Ibm Retirement Fund has invested 0.04% in Hasbro, Inc. (NASDAQ:HAS). Sigma Planning Corp accumulated 6,253 shares or 0.07% of the stock. Herndon Cap Mngmt Lc has 0% invested in the company for 10 shares. Nuveen Asset Mngmt Limited Liability Corp has 23,838 shares for 0.01% of their US portfolio. The Japan-based Sumitomo Mitsui Asset Mngmt Co has invested 0.02% in Hasbro, Inc. (NASDAQ:HAS). Pinebridge Invests Lp, a New York-based fund reported 6,301 shares.
Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.63 million net activity. Billing Duncan sold $1.63 million worth of stock or 18,751 shares.
Hasbro, Inc. is a branded-play company. The company has a market cap of $10.76 billion. The Company’s operating divisions include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. It has a 20.25 P/E ratio. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
According to Zacks Investment Research, “Hasbro Inc. is a worldwide leader in children’s and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, KENNER, TONKA, ODDZON, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER, HASBRO INTERACTIVE, MICROPROSE, GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world. (PRESS RELEASE)”
Hasbro, Inc. (Hasbro), incorporated on January 8, 1926, is a branded-play company. The Company’s operating divisions include the U.S. and Canada segment, the International segment, and the Entertainment and Licensing segment. From toys and games to television programming, motion pictures, digital gaming and consumer products licensing program, the Company fulfills the need for play and connection for children and families around the world. The Company, through its Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television and film. It offers entertainment offerings, including television programming and motion pictures, and products, ranging from traditional to digital, all informed by storytelling and consumer insights.
Another recent and important Hasbro, Inc. (NASDAQ:HAS) news was published by Fool.com which published an article titled: “Hasbro Inc. Forges Ahead Thanks to Girls and Princesses” on November 01, 2016.
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By Ellis Scott