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

Hasbro (NASDAQ:HAS) had its target price increased by investment analysts at JPMorgan Chase & Co. from $76.00 to $82.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.43% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus increased 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. Morgan Stanley increased 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 increased their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, DA Davidson reissued a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.10.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $71.04 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 business has a fifty day moving average price of $69.72 and a 200-day moving average price of $63.48. The company has a market capitalization of $9.89 billion, a PE ratio of -7.01, a PEG ratio of 0.54 and a beta of 0.61.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Hasbro by 20.1% during the first quarter. Park Avenue Securities LLC now owns 10,070 shares of the company’s stock worth $569,000 after acquiring an additional 1,685 shares during the period. Ballentine Partners LLC purchased a new stake in Hasbro in the first quarter valued at $209,000. Thompson Investment Management Inc. raised its position in Hasbro by 74.4% in the first quarter. Thompson Investment Management Inc. now owns 9,286 shares of the company’s stock valued at $525,000 after purchasing an additional 3,961 shares during the period. Sound Income Strategies LLC raised its position in Hasbro by 8.2% in the first quarter. Sound Income Strategies LLC now owns 138,668 shares of the company’s stock valued at $7,838,000 after purchasing an additional 10,547 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Hasbro in the first quarter valued at $270,000. 91.83% of the stock is currently owned by hedge funds and other 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.