UBS Reiterates $104.00 Price Target for Hasbro (HAS)

Hasbro (NASDAQ:HAS) has been given a $104.00 price objective by research analysts at UBS in a research report issued on Monday, November 13th, www.tipranks.com reports. The brokerage presently has a “hold” rating on the stock. UBS’s price objective would suggest a potential upside of 13.24% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $108.00 target price on shares of Hasbro in a research report on Thursday, August 3rd. Goldman Sachs Group restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a report on Monday, October 2nd. Finally, DA Davidson restated a “buy” rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $105.99.

Hasbro (NASDAQ HAS) traded down $1.18 during trading on Monday, hitting $91.84. 949,100 shares of the stock were exchanged, compared to its average volume of 1,820,000. The company has a market cap of $11,290.00, a P/E ratio of 19.83, a P/E/G ratio of 1.86 and a beta of 0.87. Hasbro has a one year low of $77.20 and a one year high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53.

Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. Hasbro’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. equities analysts expect that Hasbro will post 5 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC increased its position in Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares during the period. Oakworth Capital Inc. increased its position in Hasbro by 7.2% during the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after acquiring an additional 81 shares during the period. San Francisco Sentry Investment Group CA bought a new position in Hasbro during the second quarter worth $155,000. Finally, Paradigm Asset Management Co. LLC bought a new position in Hasbro during the second quarter worth $167,000. 79.62% of the stock is currently owned by institutional investors.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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