Noteworthy Rating Filing: Hasbro (HAS)’s Is Reaching An Inflection Point; Piper Jaffray Downgrades It

November 28, 2016 - By Winifred Garcia

Noteworthy Rating Filing: Hasbro (HAS)'s Is Reaching An Inflection Point; Piper Jaffray Downgrades It

Hasbro (HAS) Downgrade

Piper Jaffray gave Hasbro (HAS) shares a new “Neutral” rating in a a research note sent to investors and clients on Monday, 28 November. This is downgrade from the old “Overweight” rating.

About 577,005 shares traded hands. Hasbro, Inc. (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 earnings per share, down 5.04% or $0.07 from last year’s $1.39 per share. HAS’s profit will be $166.65 million for 16.25 P/E if the $1.32 EPS becomes a reality. After $2.03 actual earnings per share 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 worsened, 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.

Comerica Comml Bank accumulated 0.02% or 28,797 shares. Lpl Financial Ltd Llc has 0.01% invested in the company for 12,198 shares. Pinnacle Associate Limited holds 54,774 shares or 0.1% of its portfolio. Chicago Equity Prtnrs Limited Co reported 4,280 shares or 0.01% of all its holdings. Weaver C Barksdale And Assocs Inc last reported 1.79% of its portfolio in the stock. Panagora Asset holds 120,797 shares or 0.05% of its portfolio. Oakworth Capital last reported 0.01% of its portfolio in the stock. Geode Cap Management Llc accumulated 983,411 shares or 0.04% of the stock. Counselors has 0.49% invested in the company for 96,697 shares. Moreover, Amalgamated Bankshares has 0.05% invested in Hasbro, Inc. (NASDAQ:HAS) for 10,026 shares. Reilly Fincl Advisors holds 200 shares or 0% of its portfolio. Da Davidson & Com holds 0% or 283 shares in its portfolio. Grantham Mayo Van Otterloo And Ltd has invested 0.09% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Marshall Wace Llp has 0.09% invested in the company for 121,894 shares. The California-based Stevens First Principles Inv Advsrs has invested 0.51% in Hasbro, Inc. (NASDAQ:HAS).

Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 1 insider sale for $1.63 million net activity. Billing Duncan sold $1.63 million worth of Hasbro, Inc. (NASDAQ:HAS) on Monday, November 14.

Hasbro, Inc. is a branded-play company. The company has a market cap of $10.83 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 20.38 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)”

HAS Company Profile

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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