Hasbro (NASDAQ:HAS) Reaches New 1-Year High After Analyst Upgrade

Key Points

• Hasbro's stock reached a new 52-week high after UBS Group upgraded its price target from $82.00 to $88.00, currently maintaining a buy rating on the stock.
• Other analysts, including Roth Capital and Bank of America, have also set increased price targets for Hasbro, with an overall average rating of "Moderate Buy" and a consensus target price of $86.42.
• Hasbro recently reported better-than-expected quarterly earnings of $1.30 EPS, outperforming analysts' estimates, but showed a year-over-year revenue decline of 1.5%.

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $82.00 to $88.00. UBS Group currently has a buy rating on the stock. Hasbro traded as high as $79.29 and last traded at $78.89, with a volume of 201662 shares changing hands. The stock had previously closed at $78.25.

A number of other equities analysts also recently weighed in on HAS. Roth Capital increased their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" 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 increased their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Bank of America lifted their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 17th. DA Davidson increased their price target on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt increased their price target on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $86.42.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently made changes to their positions in the business. Parvin Asset Management LLC acquired a new position in shares of Hasbro in the 4th quarter worth approximately $25,000. Sentry Investment Management LLC purchased a new position in shares of Hasbro in the first quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its position in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of Hasbro in the second quarter worth approximately $35,000. Finally, Itau Unibanco Holding S.A. increased its position in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Performance

The firm's 50-day moving average price is $73.83 and its two-hundred day moving average price is $65.35. The firm has a market capitalization of $11.06 billion, a PE ratio of -19.43, a P/E/G ratio of 1.02 and a beta of 0.60. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same period in the previous year, the firm posted $1.22 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro's payout ratio is -68.97%.

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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