UBS Group Boosts Hasbro (NASDAQ:HAS) Price Target to $69.00

Hasbro (NASDAQ:HAS) had its price objective increased by UBS Group from $68.00 to $69.00 in a research report sent to investors on Friday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lifted their price objective on Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a research report on Monday, April 15th. Morgan Stanley restated an overweight rating and set a $77.00 price target on shares of Hasbro in a research report on Monday, May 20th. TheStreet lowered Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. StockNews.com upgraded Hasbro from a sell rating to a hold rating in a research report on Wednesday, April 24th. Finally, Roth Mkm lifted their price target on Hasbro from $65.00 to $75.00 and gave the company a buy rating in a research report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $68.17.

Hasbro Stock Performance

NASDAQ:HAS opened at $60.66 on Friday. The stock has a market cap of $8.45 billion, a P/E ratio of -5.98, a PEG ratio of 0.97 and a beta of 0.67. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The business’s 50-day moving average price is $58.45 and its two-hundred day moving average price is $52.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. As a group, equities analysts predict that Hasbro will post 3.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Studio Investment Management LLC purchased a new position in shares of Hasbro in the third quarter worth $26,000. Lindbrook Capital LLC increased its position in Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after acquiring an additional 167 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after acquiring an additional 408 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Hasbro during the fourth quarter valued at $36,000. Finally, Orion Capital Management LLC purchased a new stake in Hasbro during the third quarter valued at $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.