Rating to Follow: Is Hasbro (NASDAQ:HAS) a Sell? How Analyst Rate it? Why Piper Jaffray Downgraded The Stock

November 28, 2016 - By Peter Kolinski

Rating to Follow: Is Hasbro (NASDAQ:HAS) a Sell? How Analyst Rate it? Why Piper Jaffray Downgraded The Stock

Hasbro (NASDAQ:HAS) Downgrade

Piper Jaffray cut the shares of Hasbro (NASDAQ:HAS) from a Overweight rating to a Neutral rating in a analysts report sent to clients and investors on 28 November.

Hasbro, Inc. (NASDAQ:HAS) Ratings Coverage

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 -2.74% below today’s ($85.71) stock price. Hasbro Inc. has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, July 21 by Wells Fargo. The firm has “Neutral” rating by M Partners given on Tuesday, October 13. The stock of Hasbro, Inc. (NASDAQ:HAS) has “Neutral” rating given on Tuesday, April 19 by JP Morgan. Barclays Capital maintained the stock with “Equalweight” rating in Tuesday, July 19 report. The stock of Hasbro, Inc. (NASDAQ:HAS) earned “Market Perform” rating by BMO Capital Markets on Tuesday, July 21. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 19 report. On Thursday, September 17 the stock rating was downgraded by Goldman Sachs to “Neutral”. Jefferies maintained it with “Hold” rating and $76 target price in Tuesday, April 12 report. JP Morgan initiated it with “Neutral” rating and $81 target price in Thursday, April 7 report. Citigroup maintained Hasbro, Inc. (NASDAQ:HAS) rating on Monday, June 6. Citigroup has “Buy” rating and $98 price target.

About 385,982 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 $166.64 million for 16.23 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 2016 Q2. Its down 0.12, from 1.18 in 2016Q1. The ratio turned negative, 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.

Element Ltd has 4,272 shares for 0.05% of their US portfolio. Ing Groep Nv has 4,906 shares for 0.01% of their US portfolio. Axa holds 0.02% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 61,400 shares. Dekabank Deutsche Girozentrale holds 0% or 3,374 shares in its portfolio. Dimensional Fund L P reported 357,605 shares or 0.02% of all its holdings. Edge Asset Mngmt has 2.54 million shares for 1.9% of their US portfolio. North Star Corporation last reported 1,038 shares in the company. The Pennsylvania-based Veritable Lp has invested 0.01% in Hasbro, Inc. (NASDAQ:HAS). Pinnacle last reported 0.1% of its portfolio in the stock. Us National Bank & Trust De last reported 198,936 shares in the company. Cincinnati Fincl owns 273,600 shares or 1.3% of their US portfolio. The New Jersey-based Blackrock Invest Management Limited Company has invested 0.02% in Hasbro, Inc. (NASDAQ:HAS). Etrade Cap Management Limited Liability Company reported 7,498 shares or 0.03% of all its holdings. Invesco holds 590,174 shares or 0.02% of its portfolio. Security Natl Tru Communications holds 0% or 82 shares in its portfolio.

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

Hasbro, Inc. is a branded-play company. The company has a market cap of $10.82 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 20.37 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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