The stock of Hasbro, Inc. (NASDAQ:HAS) gapped up by $1.21 today and has $127.33 target or 56.00% above today’s $81.62 share price. The 9 months technical chart setup indicates low risk for the $10.20 billion company. The gap was reported on Oct, 17 by Barchart.com. If the $127.33 price target is reached, the company will be worth $5.71B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 8.37 million shares traded hands or 682.24% up from the average. Hasbro, Inc. (NASDAQ:HAS) has declined 2.86% since March 14, 2016 and is downtrending. It has underperformed by 8.47% the S&P500.
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. PiperJaffray upgraded the stock to “Overweight” rating in Tuesday, July 19 report. UBS initiated Hasbro, Inc. (NASDAQ:HAS) rating on Thursday, March 24. UBS has “Neutral” rating and $83 price target. BMO Capital Markets maintained it with “Market Perform” rating and $81 target price in Wednesday, September 30 report. As per Tuesday, October 20, the company rating was maintained by Monness Crespi & Hardt. The firm has “Buy” rating given on Wednesday, September 16 by Sterne Agee CRT. Barclays Capital maintained the shares of HAS in a report on Tuesday, July 19 with “Equalweight” rating. The firm has “Market Perform” rating given on Tuesday, July 21 by BMO Capital Markets. The stock of Hasbro, Inc. (NASDAQ:HAS) earned “Neutral” rating by JP Morgan on Tuesday, April 19. The rating was downgraded by Piper Jaffray to “Neutral” on Tuesday, July 21. The rating was maintained by Jefferies on Tuesday, April 12 with “Hold”.
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 2016 Q2. Its down 0.30, from 1.48 in 2016Q1. The ratio is 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.
Comm Bank has 32,614 shares for 0.04% of their US portfolio. Princeton Alpha Management Limited Partnership holds 0.21% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 14,260 shares. Liberty Mutual Grp Inc Asset Inc last reported 8,054 shares in the company. Natl Asset Mngmt Inc owns 2,407 shares or 0.04% of their US portfolio. Dimensional Fund Advisors L P last reported 0.02% of its portfolio in the stock. Balyasny Asset Management Limited Liability reported 5,096 shares or 0% of all its holdings. Hightower Advisors Limited last reported 10,694 shares in the company. Dana Investment Advsr accumulated 0.45% or 121,078 shares. Keybank Association Oh has invested 0% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Amalgamated Commercial Bank last reported 0.05% of its portfolio in the stock. Parkside Natl Bank And reported 112 shares or 0% of all its holdings. Tarbox holds 0% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 12 shares. Brandywine Invest Mgmt Ltd Co, a Pennsylvania-based fund reported 66 shares. Commonwealth Of Pennsylvania School Empls Retrmt owns 8,986 shares or 0.01% of their US portfolio. Westwood Group holds 4,304 shares or 0% of its portfolio.
Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 8 selling transactions for $16.31 million net activity. Billing Duncan had sold 3,514 shares worth $306,688. Finigan Barbara sold $1.73M worth of stock or 19,885 shares. 25,000 shares were sold by Tinga Wiebe, worth $2.13M on Monday, May 23. Another trade for 53,070 shares valued at $4.55 million was sold by Thomas Deborah. Another trade for 13,898 shares valued at $1.21M was made by TRUEB MARTIN R on Friday, April 22. GOLDNER BRIAN also sold $17.68M worth of Hasbro, Inc. (NASDAQ:HAS) shares. The insider Frascotti John sold 36,170 shares worth $3.15M.
More notable recent Hasbro, Inc. (NASDAQ:HAS) news were published by: Wsj.com which released: “Hasbro Results Jump on Strength in Girls Division” on October 17, 2016, also Nasdaq.com with their article: “Hasbro Inc. Q3 Earnings Advance 29%” published on October 17, 2016, Fool.com published: “Can Hasbro Inc. Overcome This Year’s Lousy Movies?” on September 20, 2016. More interesting news about Hasbro, Inc. (NASDAQ:HAS) were released by: Schaeffersresearch.com and their article: “Hasbro, Inc. (HAS) Earnings Beat Begets a Breakout” published on October 17, 2016 as well as Benzinga.com‘s news article titled: “Benzinga’s Volume Movers” with publication date: October 17, 2016.
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.
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