Hasbro (NASDAQ:HAS) PT Raised to $69.00

Hasbro (NASDAQ:HAS) had its price objective increased by UBS Group from $68.00 to $69.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

HAS has been the subject of several other research reports. TheStreet downgraded shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. Monness Crespi & Hardt increased their target price on shares of Hasbro from $60.00 to $75.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Morgan Stanley restated an overweight rating and set a $77.00 price target on shares of Hasbro in a research note on Monday, May 20th. Roth Mkm raised their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a buy rating in a research note on Thursday, April 25th. Finally, StockNews.com upgraded shares of Hasbro from a sell rating to a hold rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $68.17.

Hasbro Price Performance

HAS opened at $60.66 on Friday. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of -5.98, a price-to-earnings-growth ratio of 0.97 and a beta of 0.67. The company’s 50-day moving average price is $58.45 and its 200 day moving average price is $52.49.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts expect that Hasbro will post 3.66 earnings per share for the current year.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in Hasbro by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Hasbro by 1.2% in the third quarter. California Public Employees Retirement System now owns 246,791 shares of the company’s stock worth $16,323,000 after acquiring an additional 3,022 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Hasbro in the third quarter worth about $280,000. Picton Mahoney Asset Management bought a new position in shares of Hasbro in the third quarter worth about $3,809,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock worth $1,839,000 after acquiring an additional 15,466 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

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.