Hasbro (NASDAQ:HAS) Given New $110.00 Price Target at UBS Group

Key Points

• UBS raised its price target on Hasbro to $110 (from $99) and kept a buy rating, implying ~14.6% upside; the analyst consensus price target is about $115 with a "Moderate Buy" average.
• Hasbro beat the quarter with $1.51 EPS vs. $0.99 expected and revenue up 31.3% year-over-year, but the company still reports a negative net margin and carries high leverage (debt-to-equity ~4.89).
• Insiders have sold heavily recently—413,342 shares worth roughly $42.2M over three months—leaving insider ownership at about 0.85%, while institutional investors own ~91.8% of the stock.

Hasbro (NASDAQ:HAS - Get Free Report) had its target price upped by equities researchers at UBS Group from $99.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 14.60% from the company's previous close.

HAS has been the subject of several other research reports. DA Davidson lifted their price objective on Hasbro from $80.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 11th. Monness Crespi & Hardt boosted their price objective on Hasbro from $90.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Seaport Research Partners raised shares of Hasbro to a "strong-buy" rating in a research note on Monday, November 10th. Wolfe Research boosted their price target on shares of Hasbro from $90.00 to $124.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $94.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Hasbro Stock Performance

Hasbro stock traded down $1.14 during trading on Thursday, hitting $95.99. The stock had a trading volume of 225,565 shares, compared to its average volume of 1,990,058. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of -40.85, a price-to-earnings-growth ratio of 1.67 and a beta of 0.54. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The stock's 50 day moving average is $92.30 and its two-hundred day moving average is $83.15. Hasbro has a 1 year low of $49.00 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS 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 last year, the company earned $0.46 earnings per share. Hasbro's revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, analysts predict that Hasbro will post 4.33 EPS for the current year.

Insider Activity

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

Institutional Trading of Hasbro

Hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the second quarter worth $25,000. First Horizon Corp purchased a new stake in shares of Hasbro during the third quarter valued at $29,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the 2nd quarter worth about $28,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in Hasbro during the 3rd quarter valued at about $34,000. Institutional investors own 91.83% of the company's stock.

About Hasbro

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.

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