JPMorgan Chase & Co. Boosts Hasbro (NASDAQ:HAS) Price Target to $82.00

Hasbro (NASDAQ:HAS) had its target price upped by JPMorgan Chase & Co. from $76.00 to $82.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also issued reports on HAS. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus boosted their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Bank of America upped their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $75.10.

Hasbro Trading Down 6.0 %

Hasbro stock opened at $66.10 on Monday. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.46. The firm’s 50-day moving average is $69.84 and its 200-day moving average is $63.52. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market cap of $9.20 billion, a P/E ratio of -6.52, a PEG ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. On average, equities analysts expect that Hasbro will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in Hasbro during the second quarter worth approximately $27,000. Asset Dedication LLC raised its stake in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 351 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Hasbro in the second quarter valued at $46,000. Finally, Summit Securities Group LLC acquired a new position in Hasbro during the second quarter worth about $47,000. 91.83% of the stock is currently owned by institutional investors.

About Hasbro

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.