In today’s session Hasbro, Inc. (HAS) registered an unusually high (981) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HAS increase. With 981 contracts traded and 11844 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HAS161021C00085000 closed last at: $0.4 or 46.7% down. About 168,741 shares traded hands. Hasbro, Inc. (NASDAQ:HAS) has declined 0.38% since March 10, 2016 and is downtrending. It has underperformed by 7.90% the S&P500.
Analysts await Hasbro, Inc. (NASDAQ:HAS) to report earnings on October, 17. They expect $1.75 EPS, up 10.76% or $0.17 from last year’s $1.58 per share. HAS’s profit will be $216.45 million for 10.98 P/E if the $1.75 EPS becomes a reality. After $0.41 actual EPS reported by Hasbro, Inc. for the previous quarter, Wall Street now forecasts 326.83% EPS growth.
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. Hasbro Inc. has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. M Partners maintained Hasbro, Inc. (NASDAQ:HAS) rating on Tuesday, October 13. M Partners has “Neutral” rating and $76 price target. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, September 16. The stock of Hasbro, Inc. (NASDAQ:HAS) earned “Equalweight” rating by Barclays Capital on Tuesday, July 19. On Wednesday, September 30 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Hasbro, Inc. (NASDAQ:HAS) has “Overweight” rating given on Tuesday, July 19 by PiperJaffray. The firm has “Neutral” rating by Piper Jaffray given on Tuesday, May 10. The rating was maintained by Monness Crespi & Hardt with “Buy” on Tuesday, October 20. The rating was maintained by Barclays Capital on Tuesday, February 9 with “Equal-Weight”. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 19. The stock has “Hold” rating given by Jefferies on Tuesday, April 12.
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)”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.30, from 1.48 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.
The Pennsylvania-based Sei has invested 0.01% in Hasbro, Inc. (NASDAQ:HAS). State Of Alaska Department Of Revenue, a Alaska-based fund reported 8,780 shares. Albion Finance Grp Ut holds 0.26% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 17,520 shares. Cincinnati Indemnity holds 7.63% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 21,000 shares. North Star Investment Mngmt holds 0.02% or 1,038 shares in its portfolio. London Of Virginia reported 2.03 million shares or 1.31% of all its holdings. Monetary Group Inc Inc holds 0.01% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 200 shares. Hirtle Callaghan Company Ltd last reported 314 shares in the company. Bollard Limited Liability Corporation has invested 0.04% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). The Connecticut-based Trexquant Investment Lp has invested 0.58% in Hasbro, Inc. (NASDAQ:HAS). State Bank Of Montreal Can has 0.01% invested in the company for 77,010 shares. Markel Corp last reported 364,000 shares in the company. Woodmont Investment Counsel Ltd Company has 0.15% invested in the company for 6,057 shares. Mycio Wealth Limited Liability Corp accumulated 50 shares or 0% of the stock. Capstone Invest Limited Com owns 11,646 shares or 0.02% of their US portfolio.
Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 10 insider sales for $36.48 million net activity. On Friday, April 22 the insider TRUEB MARTIN R sold $1.21M. The insider Tinga Wiebe sold 28,844 shares worth $2.48M. Billing Duncan also sold $306,688 worth of Hasbro, Inc. (NASDAQ:HAS) on Thursday, May 26. 36,170 shares were sold by Frascotti John, worth $3.15 million. Thomas Deborah sold $4.55M worth of stock. Finigan Barbara sold 19,885 shares worth $1.73 million. 205,000 shares were sold by GOLDNER BRIAN, worth $17.68 million on Wednesday, April 20.
Hasbro, Inc. is a branded-play company. The company has a market cap of $9.51 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 20.14 P/E ratio. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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.
More recent Hasbro, Inc. (NASDAQ:HAS) news were published by: Fool.com which released: “Can Hasbro Inc. Overcome This Year’s Lousy Movies?” on September 20, 2016. Also Forbes.com published the news titled: “Hasbro Becomes Oversold” on September 16, 2016. Seekingalpha.com‘s news article titled: “Hasbro Rolls Out The Star Wars Carpet At NYCC” with publication date: October 09, 2016 was also an interesting one.
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