Hasbro (NASDAQ:HAS) PT Raised to $82.00 at JPMorgan Chase & Co.

Hasbro (NASDAQ:HAS) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $76.00 to $82.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.42% from the stock’s current price.

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

Hasbro Trading Up 1.6 %

Shares of HAS opened at $72.94 on Monday. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $69.41 and a 200-day simple moving average of $63.26. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of -7.19, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities analysts forecast that Hasbro will post 3.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently added to or reduced their stakes in HAS. Park Avenue Securities LLC increased its position in Hasbro by 20.1% during the 1st quarter. Park Avenue Securities LLC now owns 10,070 shares of the company’s stock worth $569,000 after purchasing an additional 1,685 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Hasbro in the 1st quarter valued at $209,000. Thompson Investment Management Inc. lifted its holdings in shares of Hasbro by 74.4% during the 1st quarter. Thompson Investment Management Inc. now owns 9,286 shares of the company’s stock valued at $525,000 after acquiring an additional 3,961 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Hasbro by 8.2% during the 1st quarter. Sound Income Strategies LLC now owns 138,668 shares of the company’s stock valued at $7,838,000 after acquiring an additional 10,547 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Hasbro in the 1st quarter valued at $270,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.