Hasbro (NASDAQ:HAS) Given New $88.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target for Hasbro from $82.00 to $88.00, indicating a potential upside of 12.46% from the current stock price.
• Multiple analysts have issued positive ratings, with JPMorgan raising their target to $94.00 and Citigroup to $91.00, reflecting a strong consensus towards the stock's performance.
• Hasbro recently reported earnings of $1.30 per share, significantly exceeding estimates of $0.78, and generated revenue of $980.80 million for the quarter.

Hasbro (NASDAQ:HAS - Get Free Report) had its price target lifted by research analysts at UBS Group from $82.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 12.46% from the stock's current price.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Citigroup upped their price target on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Monness Crespi & Hardt increased their target price on shares of Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.42.

Hasbro Trading Up 0.9%

Shares of NASDAQ:HAS opened at $78.25 on Wednesday. The company has a 50 day moving average of $73.83 and a 200-day moving average of $65.35. The firm has a market cap of $10.97 billion, a P/E ratio of -19.27, a P/E/G ratio of 1.02 and a beta of 0.60. Hasbro has a twelve month low of $49.00 and a twelve month high of $78.83. 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 (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. As a group, analysts anticipate that Hasbro will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several hedge funds have recently made changes to their positions in HAS. Brighton Jones LLC purchased a new stake in shares of Hasbro in the 4th quarter valued at approximately $317,000. Federated Hermes Inc. lifted its position in shares of Hasbro by 1,302.3% in the 4th quarter. Federated Hermes Inc. now owns 8,484 shares of the company's stock valued at $474,000 after acquiring an additional 7,879 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hasbro by 3.6% in the 4th quarter. Legal & General Group Plc now owns 249,715 shares of the company's stock valued at $13,962,000 after acquiring an additional 8,598 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hasbro by 80.8% in the 4th quarter. Renaissance Technologies LLC now owns 219,344 shares of the company's stock valued at $12,264,000 after acquiring an additional 98,044 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Hasbro in the 4th quarter valued at approximately $23,623,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

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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