UBS Sticks to Its Buy Rating for Hasbro (HAS)

UBS analyst Arpine Kocharyan maintained a Buy rating on Hasbro today and set a price target of $99.00.

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Kocharyan covers the Consumer Cyclical sector, focusing on stocks such as Mattel, Hasbro, and Callaway Golf. According to TipRanks, Kocharyan has an average return of 2.3% and a 54.69% success rate on recommended stocks.

In addition to UBS, Hasbro also received a Buy from Citi’s James Hardiman in a report issued on February 12. However, on February 11, TipRanks – OpenAI reiterated a Hold rating on Hasbro (NASDAQ: HAS).

Based on Hasbro’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $1.45 billion and a net profit of $201.6 million. In comparison, last year the company earned a revenue of $1.1 billion and had a GAAP net loss of $34.3 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAS in relation to earlier this year. Earlier this month, Timothy Kilpin, the President of HAS sold 7,773.00 shares for a total of $800,619.00.