Citigroup Raises Hasbro (NASDAQ:HAS) Price Target to $97.00

Key Points

• Citigroup has raised its price target for Hasbro from $91.00 to $97.00, indicating a potential upside of 22.20% based on the stock's previous close.
• Despite the upgraded price target from Citigroup, Weiss Ratings issued a "sell (d-)" rating for Hasbro, and several other analysts maintain a "buy" stance with varied price targets.
• Hasbro reported earnings per share of $1.68 for the last quarter, exceeding analyst expectations and reflecting an 8.3% year-over-year revenue growth.

Hasbro (NASDAQ:HAS - Get Free Report) had its price target hoisted by Citigroup from $91.00 to $97.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 22.20% from the company's previous close.

A number of other equities analysts have also recently commented on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Hasbro in a report on Wednesday, October 8th. Roth Capital increased their target price on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group increased their price target on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Bank of America increased their price target on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and raised their target price for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.82.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $79.38 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a 50 day simple moving average of $77.10 and a two-hundred day simple moving average of $71.08. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of -19.50, a PEG ratio of 0.97 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.35 billion. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. As a group, analysts predict that Hasbro will post 4.33 earnings per share for the current year.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the transaction, the insider owned 51,301 shares in the company, valued at $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider directly owned 44,301 shares of the company's stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 in the last three months. 0.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of Hasbro by 34.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,232 shares of the company's stock worth $1,155,000 after purchasing an additional 3,876 shares in the last quarter. Cardinal Capital Management lifted its stake in shares of Hasbro by 1.2% in the 3rd quarter. Cardinal Capital Management now owns 98,960 shares of the company's stock worth $7,506,000 after acquiring an additional 1,168 shares during the period. Visionary Horizons LLC lifted its holdings in shares of Hasbro by 1.4% in the 3rd quarter. Visionary Horizons LLC now owns 12,069 shares of the company's stock valued at $915,000 after buying an additional 166 shares during the period. SG Americas Securities LLC grew its holdings in shares of Hasbro by 31.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,039 shares of the company's stock worth $761,000 after acquiring an additional 2,384 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Hasbro in the 3rd quarter valued at about $256,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Company Profile

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.

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