Hasbro (NASDAQ:HAS) Price Target Increased to $69.00 by Analysts at UBS Group

Hasbro (NASDAQ:HAS) had its price objective raised by UBS Group from $68.00 to $69.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on HAS. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Roth Mkm increased their price target on Hasbro from $65.00 to $75.00 and gave the stock a buy rating in a report on Thursday, April 25th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a report on Monday, April 15th. StockNews.com upgraded shares of Hasbro from a sell rating to a hold rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Hasbro from $61.00 to $63.00 and gave the company a buy rating in a research report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $68.17.

Hasbro Trading Up 0.5 %

HAS traded up $0.31 during mid-day trading on Friday, reaching $60.66. 1,488,070 shares of the company traded hands, compared to its average volume of 1,399,302. The company’s fifty day moving average price is $58.45 and its 200-day moving average price is $52.38. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same period last year, the firm earned $0.01 EPS. Hasbro’s revenue for the quarter was down 24.3% compared to the same quarter last year. On average, analysts predict that Hasbro will post 3.66 earnings per share for the current year.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently modified their holdings of HAS. Cetera Advisors LLC acquired a new stake in Hasbro during the 1st quarter worth about $362,000. Cetera Investment Advisers grew its stake in shares of Hasbro by 68.4% during the 1st quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock worth $1,967,000 after purchasing an additional 14,128 shares during the period. Atria Investments Inc purchased a new position in shares of Hasbro during the 1st quarter valued at approximately $1,287,000. Swedbank AB purchased a new stake in Hasbro during the first quarter worth $82,523,000. Finally, LBP AM SA grew its position in Hasbro by 56.3% during the first quarter. LBP AM SA now owns 131,632 shares of the company’s stock valued at $7,440,000 after buying an additional 47,389 shares during the period. Institutional investors and hedge funds 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.