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

Hasbro (NASDAQ:HAS) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $76.00 to $82.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 12.42% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Morgan Stanley upped 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 lifted their target price on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus lifted their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America boosted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, DA Davidson restated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.10.

Hasbro Price Performance

Shares of Hasbro stock opened at $72.94 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.46. The company has a market cap of $10.15 billion, a PE ratio of -7.19, a P/E/G ratio of 0.54 and a beta of 0.61. The business has a 50 day moving average of $69.41 and a 200 day moving average of $63.26.

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

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Axiom Advisory LLC grew its holdings in Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after acquiring an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares during the period. EverSource Wealth Advisors LLC raised its position in Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after buying an additional 217 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Hasbro by 0.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after buying an additional 288 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Company Profile

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.