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

Hasbro (NASDAQ:HAS) had its price target raised by stock analysts at JPMorgan Chase & Co. from $76.00 to $82.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.43% from the company’s current price.

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

Hasbro Price Performance

HAS opened at $71.04 on Monday. The firm’s fifty day moving average price is $69.72 and its two-hundred day moving average price is $63.48. 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 company has a market capitalization of $9.89 billion, a price-to-earnings ratio of -7.01, a P/E/G ratio of 0.54 and a beta of 0.61. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last issued 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 for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, analysts anticipate that Hasbro will post 3.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Swedbank AB bought a new position in shares of Hasbro in the first quarter worth approximately $82,523,000. Samlyn Capital LLC increased its position in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after purchasing an additional 565,645 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after purchasing an additional 281,454 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new position in shares of Hasbro in the first quarter worth approximately $15,058,000. 91.83% of the stock is currently owned by 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.