NEW YORK (TheStreet) -- Hasbro (HAS) - Get Report stock is down 0.86% to $85.51 this afternoon despite an announcement by the company today that it has acquired Irish animation company Boulder Media for an undisclosed sum.
Boulder Media has produced series for networks like Cartoon Network, Nickelodeon, Disney and BBC.
The company will be producing animated products for Hasbro's biggest brands, according to a company statement. Boulder will still be able to produce for major networks while working with the company, however.
Hasbro is a Pawtucket, RI-based toy and game company.
Hasbro stock is up 27% in the year so far, vs. 5% gains in the S&P 500 in general.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: HAS
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.