Hasbro (NASDAQ:HAS) PT Raised to $82.00

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

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

Hasbro Price Performance

Shares of NASDAQ HAS opened at $70.33 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 company’s 50-day moving average is $69.84 and its 200 day moving average is $63.52. The stock has a market capitalization of $9.79 billion, a P/E ratio of -6.94, a P/E/G ratio of 0.54 and a beta of 0.61.

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. On average, sell-side analysts expect that Hasbro will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after purchasing an additional 21,204 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Hasbro by 351.7% in the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after buying an additional 19,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Hasbro by 95.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after buying an additional 19,113 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Hasbro by 7.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after buying an additional 10,961 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Hasbro by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after buying an additional 8,280 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

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.