Hasbro (NASDAQ:HAS) Upgraded by JPMorgan Chase & Co. to "Overweight"

Hasbro (NASDAQ:HAS - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage presently has a $74.00 target price on the stock, up from their prior target price of $61.00. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 22.62% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley restated an "overweight" rating and issued a $77.00 price target on shares of Hasbro in a research note on Monday. StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a research report on Wednesday, April 24th. Monness Crespi & Hardt boosted their target price on shares of Hasbro from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Bank of America lifted their price objective on Hasbro from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, April 25th. Finally, TheStreet downgraded Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and an average target price of $68.09.

Hasbro Stock Performance

NASDAQ:HAS traded up $0.02 during mid-day trading on Thursday, hitting $60.35. The company's stock had a trading volume of 1,775,243 shares, compared to its average volume of 1,705,659. The business's fifty day moving average is $58.31 and its two-hundred day moving average is $52.28. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of -5.95, a PEG ratio of 1.00 and a beta of 0.67. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34. The company had revenue of $757.30 million during the quarter, compared to analysts' expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. Hasbro's quarterly revenue was down 24.3% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Analysts anticipate that Hasbro will post 3.66 EPS for the current fiscal year.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Vanguard Group Inc. grew its position in Hasbro by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company's stock valued at $1,041,879,000 after acquiring an additional 55,258 shares during the period. Capital Research Global Investors raised its holdings in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company's stock valued at $785,367,000 after buying an additional 3,273,563 shares during the period. Cooke & Bieler LP lifted its position in Hasbro by 31.6% during the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company's stock valued at $162,801,000 after buying an additional 765,898 shares in the last quarter. London Co. of Virginia grew its stake in Hasbro by 1.0% during the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company's stock worth $147,188,000 after buying an additional 21,634 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Hasbro in the first quarter worth $82,523,000. Hedge funds and other 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.