November 28, 2016 - By Adrian Mccoy
Hasbro Inc (NASDAQ:HAS)‘s “Overweight” rating is no longer valid. stock research analysts at Piper Jaffray decreased Hasbro Inc (NASDAQ:HAS)‘s rating to a “Neutral”.
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 -2.19% below today’s ($85.23) stock price. Hasbro Inc. has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, April 12 by Jefferies. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, July 21 report. Barclays Capital maintained Hasbro, Inc. (NASDAQ:HAS) on Tuesday, February 9 with “Equal-Weight” rating. The stock has “Neutral” rating given by JP Morgan on Tuesday, April 19. The company was upgraded on Tuesday, July 19 by PiperJaffray. The firm earned “Neutral” rating on Tuesday, May 10 by Piper Jaffray. The rating was maintained by Barclays Capital on Tuesday, April 19 with “Equal-Weight”. The company was maintained on Tuesday, October 20 by Monness Crespi & Hardt. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, September 30. As per Monday, June 6, the company rating was maintained by Citigroup.
About 1.42 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 $166.65M 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.
Element Cap Mngmt Ltd Liability Company last reported 0.05% of its portfolio in the stock. Credit Suisse Ag last reported 0.03% of its portfolio in the stock. Products Ltd, a New York-based fund reported 79,555 shares. Susquehanna Gru Llp last reported 59,449 shares in the company. Capstone Asset Mgmt has invested 0.04% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Virginia Retirement Systems Et Al accumulated 0.18% or 146,200 shares. Analytic Invsts Ltd accumulated 0.07% or 75,279 shares. Piedmont Advsrs last reported 4 shares in the company. Raymond James & Associate, a Florida-based fund reported 61,438 shares. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Hasbro, Inc. (NASDAQ:HAS) for 8,009 shares. Moreover, State Common Retirement Fund has 0.03% invested in Hasbro, Inc. (NASDAQ:HAS) for 274,860 shares. New England Private Wealth Limited Liability Company last reported 0.19% of its portfolio in the stock. Macquarie Grp Inc Limited holds 0.01% or 66,500 shares in its portfolio. Andra Ap accumulated 0.1% or 44,300 shares. Tci Wealth Advisors holds 0% or 23 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. Billing Duncan had sold 18,751 shares worth $1.63M on Monday, November 14.
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 Adrian Mccoy