Hasbro (NASDAQ:HAS) Trading Down 5.1% – Should You Sell?

Hasbro, Inc. (NASDAQ:HAS) fell 5.1% during trading on Thursday . The company traded as low as $66.43 and last traded at $66.74. 238,355 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,617,787 shares. The stock had previously closed at $70.33.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HAS shares. Stifel Nicolaus raised their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson restated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Finally, Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $75.10.

Hasbro Stock Performance

The firm’s fifty day moving average price is $69.84 and its 200-day moving average price is $63.52. The company has a market cap of $9.22 billion, a P/E ratio of -6.54, a P/E/G ratio of 0.54 and a beta of 0.61. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.37. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. As a group, research analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of HAS. Park Avenue Securities LLC increased its stake in Hasbro by 20.1% in the first quarter. Park Avenue Securities LLC now owns 10,070 shares of the company’s stock valued at $569,000 after acquiring an additional 1,685 shares during the period. Ballentine Partners LLC acquired a new position in shares of Hasbro in the 1st quarter worth approximately $209,000. Kingswood Wealth Advisors LLC bought a new position in shares of Hasbro during the 1st quarter worth approximately $270,000. Brookstone Capital Management acquired a new stake in Hasbro in the 1st quarter valued at $203,000. Finally, AMF Tjanstepension AB bought a new stake in Hasbro in the first quarter valued at $15,058,000. Institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.