Hasbro (NASDAQ:HAS) Price Target Raised to $94.00 at JPMorgan Chase & Co.

Hasbro (NASDAQ:HAS - Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $75.00 to $94.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 23.83% from the stock's current price.

A number of other research firms have also recently weighed in on HAS. Morgan Stanley raised their price objective on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Bank of America increased their price objective on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Citigroup reaffirmed a "buy" rating and set a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.73.

Hasbro Stock Down 1.2%

Shares of HAS stock traded down $0.93 during mid-day trading on Thursday, hitting $75.91. The company's stock had a trading volume of 949,464 shares, compared to its average volume of 2,028,738. Hasbro has a 52-week low of $49.00 and a 52-week high of $78.83. The business has a 50-day moving average price of $71.09 and a 200 day moving average price of $63.44. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.10 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Hasbro will post 4.33 EPS for the current fiscal year.

Institutional Trading of Hasbro

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Parvin Asset Management LLC bought a new stake in Hasbro in the fourth quarter worth $25,000. Sentry Investment Management LLC bought a new stake in Hasbro during the first quarter valued at about $28,000. SBI Securities Co. Ltd. boosted its stake in Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after purchasing an additional 269 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro in the fourth quarter valued at $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.

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