Hasbro (HAS) Receives a Hold from Wells Fargo


In a report released yesterday, Tim Conder from Wells Fargo maintained a Hold rating on Hasbro (HAS). The company’s shares closed yesterday at $89.57.

According to TipRanks.com, Conder is a 4-star analyst with an average return of 10.5% and a 67.1% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as MasterCraft Boat Holdings Inc, Brunswick Corporation, and Harley-Davidson.

Currently, the analyst consensus on Hasbro is a Strong Buy with an average price target of $105.

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Based on Hasbro’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $8.77 million. In comparison, last year the company had a GAAP net loss of $5.3 million.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.

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Hasbro, Inc. engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The company operates under the brand names such as Littlest Pet Shop; Magic: The Gathering; Monopoly; My Little Pony; Nerf; Play-Doh; and Transformers.

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