The Goldman Sachs Group Boosts Hasbro (NASDAQ:HAS) Price Target to $90.00

Key Points

• The Goldman Sachs Group has increased Hasbro's (NASDAQ: HAS) price target from $89.00 to $90.00, maintaining a "buy" rating and suggesting a potential upside of 13.38% from the current price.
• Analysts are bullish on Hasbro, with ten holding a "buy" rating, resulting in a consensus rating of "Moderate Buy" and an average target price of $88.82.
• Hasbro reported a quarterly EPS of $1.68, exceeding estimates and reflecting an 8.3% year-over-year revenue increase to $1.39 billion.

Hasbro (NASDAQ:HAS - Get Free Report) had its target price boosted by equities research analysts at The Goldman Sachs Group from $89.00 to $90.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 13.38% from the stock's current price.

Several other equities analysts have also recently weighed in on HAS. DA Davidson lifted their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Roth Capital boosted their target price on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. UBS Group boosted their target price on shares of Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Ten equities research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $88.82.

Hasbro Trading Up 1.8%

Hasbro stock opened at $79.38 on Friday. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of -19.50, a price-to-earnings-growth ratio of 0.97 and a beta of 0.60. The firm's 50 day moving average price is $77.10 and its two-hundred day moving average price is $71.08. Hasbro has a 1 year low of $49.00 and a 1 year high of $82.19.

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

Insider Buying and Selling at Hasbro

In other 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 sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in Hasbro by 34.1% in 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 position in Hasbro by 1.2% during the 3rd quarter. Cardinal Capital Management now owns 98,960 shares of the company's stock worth $7,506,000 after buying an additional 1,168 shares in the last quarter. Visionary Horizons LLC lifted its position in shares of Hasbro by 1.4% during the third quarter. Visionary Horizons LLC now owns 12,069 shares of the company's stock worth $915,000 after purchasing an additional 166 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Hasbro by 31.1% during the third quarter. SG Americas Securities LLC now owns 10,039 shares of the company's stock worth $761,000 after purchasing an additional 2,384 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Hasbro during the third quarter worth approximately $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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