UBS Group Increases Hasbro (NASDAQ:HAS) Price Target to $110.00

Hasbro (NASDAQ:HAS) had its price target boosted by analysts at UBS Group from $99.00 to $110.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 16.41% from the company’s previous close.

Several other research analysts also recently commented on HAS. Jefferies Financial Group lifted their price target on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday, February 11th. BNP Paribas Exane initiated coverage on Hasbro in a research report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Finally, Monness Crespi & Hardt lifted their price objective on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Hasbro Stock Performance

Shares of HAS opened at $94.49 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The stock has a 50-day moving average price of $92.81 and a 200-day moving average price of $83.33. The company has a market cap of $13.29 billion, a PE ratio of -40.21, a price-to-earnings-growth ratio of 1.64 and a beta of 0.54. Hasbro has a 12-month low of $49.00 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same period in the prior year, the company earned $0.46 EPS. Hasbro’s revenue was up 31.3% on a year-over-year basis. As a group, equities analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Insider Activity at Hasbro

In other news, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the transaction, the insider owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. This represents a 17.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gina M. Goetter sold 12,429 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. The trade was a 15.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 413,342 shares of company stock valued at $42,241,679. 0.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Hasbro in the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after buying an additional 1,753 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares in the last quarter. Woodline Partners LP grew its position in shares of Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Hasbro in the 1st quarter worth about $292,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.