Bank of America Securities Sticks to Its Buy Rating for Hasbro (HAS)

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Bank of America Securities analyst Alexander Perry maintained a Buy rating on Hasbro (HAS – Research Report) today. The company’s shares closed last Friday at $68.73.

Perry covers the Consumer Cyclical sector, focusing on stocks such as Topgolf Callaway Brands, Harley-Davidson, and Polaris. According to TipRanks, Perry has an average return of -2.9% and a 40.48% success rate on recommended stocks.

Currently, the analyst consensus on Hasbro is a Strong Buy with an average price target of $75.57, which is a 9.95% upside from current levels. In a report released on September 3, Morgan Stanley also maintained a Buy rating on the stock with a $79.00 price target.

Based on Hasbro’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $995.3 million and a net profit of $138.5 million. In comparison, last year the company earned a revenue of $1.21 billion and had a GAAP net loss of $235 million

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Hasbro (HAS) Company Description:

Hasbro, Inc. engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm operates under the following brands: Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, and Transformers. It operates through the following segments: United States and Canada, International, and Entertainment, Licensing and Digital. The United States and Canada segment refers to the marketing and sale of products in the United States and Canada which include the innovation and reinvention of toys and games. The International segment engages in the marketing and sale of product categories to retailers and wholesalers in Europe, Latin and South America, and the Asia Pacific region and through distributors in those countries where there is no direct presence. The Entertainment, Licensing and Digital segment conducts movie, television and digital gaming entertainment operations. The company was founded by Henry Hassenfeld and Hilal Hassenfeld in 1923 and is headquartered in Pawtucket, RI.

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Bank of America Securities Sticks to Its Buy Rating for Hasbro (HAS)

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