Hasbro (NASDAQ:HAS) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Hasbro (NASDAQ:HAS) from a neutral rating to an overweight rating in a research note released on Thursday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $74.00 price objective on the stock, up from their prior price objective of $61.00.

A number of other brokerages have also commented on HAS. Stifel Nicolaus boosted their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research note on Monday, April 15th. StockNews.com raised shares of Hasbro from a sell rating to a hold rating in a research report on Wednesday, April 24th. Bank of America lifted their price target on Hasbro from $60.00 to $70.00 and gave the company a neutral rating in a research note on Thursday, April 25th. Roth Mkm increased their price objective on Hasbro from $65.00 to $75.00 and gave the stock a buy rating in a research note on Thursday, April 25th. Finally, DA Davidson lifted their target price on Hasbro from $52.00 to $59.00 and gave the company a neutral rating in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $68.17.

Hasbro Price Performance

HAS stock opened at $60.66 on Thursday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The company’s 50-day moving average is $58.45 and its 200-day moving average is $52.43. The stock has a market capitalization of $8.45 billion, a PE ratio of -5.98, a price-to-earnings-growth ratio of 0.97 and a beta of 0.67. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 24.3% on a year-over-year basis. Equities research analysts expect that Hasbro will post 3.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Studio Investment Management LLC bought a new stake in shares of Hasbro during the 3rd quarter worth $26,000. Lindbrook Capital LLC increased its holdings in Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after acquiring an additional 408 shares during the period. Orion Capital Management LLC purchased a new position in Hasbro in the third quarter valued at about $37,000. Finally, Optiver Holding B.V. bought a new position in shares of Hasbro during the 4th quarter valued at approximately $36,000. 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.