Hasbro (NASDAQ:HAS) Price Target Raised to $110.00

Hasbro (NASDAQ:HAS) had its price objective upped by UBS Group from $99.00 to $110.00 in a report published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price objective on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Seaport Research Partners raised Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Wolfe Research raised their target price on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. The Goldman Sachs Group lifted their target price on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Eleven 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.00.

Hasbro Stock Performance

NASDAQ:HAS opened at $94.49 on Thursday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The stock has a market capitalization of $13.29 billion, a P/E ratio of -40.21, a PEG ratio of 1.63 and a beta of 0.54. The company has a 50 day moving average price of $92.81 and a 200 day moving average price of $83.35. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same period in the prior year, the firm posted $0.46 earnings per share. Hasbro’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued a $0.70 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio is presently -119.15%.

Insider Activity at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 15,148 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the transaction, the executive vice president owned 50,174 shares in the company, valued at $5,267,266.52. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 413,342 shares of company stock valued at $42,241,679. Corporate insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after buying an additional 1,753 shares during the period. Empowered Funds LLC lifted its stake in Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Hasbro in the first quarter valued at approximately $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.