JPMorgan Chase & Co. Cuts Hasbro (NASDAQ:HAS) Price Target to $111.00

Hasbro (NASDAQ:HAS) had its target price trimmed by JPMorgan Chase & Co. from $125.00 to $111.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group cut their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital restated a “buy” rating on shares of Hasbro in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. Finally, Morgan Stanley upped their price objective on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $108.36.

Hasbro Stock Up 1.6%

Hasbro stock opened at $88.79 on Wednesday. The business’s 50-day moving average price is $84.22 and its 200 day moving average price is $90.36. The company has a quick ratio of 1.49, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.49. Hasbro has a 52 week low of $69.50 and a 52 week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.30 earnings per share. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.2%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in shares of Hasbro in the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC raised its stake in Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after purchasing an additional 6,451 shares during the last quarter. Woodline Partners LP lifted its holdings in Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Hasbro during the 1st quarter worth $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Argus raised its price target on Hasbro to $105 from $90 and reiterated a buy rating, implying additional upside from recent trading levels.
• Positive Sentiment: Hasbro unveiled My Little Pony: Forever Friendship, a new animated YouTube series set to premiere in early 2027, adding another way to monetize its valuable intellectual property. Article Title
• Positive Sentiment: Hasbro also expanded its licensed toy lineup with new Legend of Zelda, Transformers, and Street Fighter figure reveals, showing ongoing strength in its entertainment-driven product pipeline.
• Neutral Sentiment: Recent commentary about Hasbro’s growth strategy shifting toward “kidults” highlights the company’s effort to broaden its audience, but it is more of a strategic narrative than a near-term catalyst.
• Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be influencing the stock today.
• Negative Sentiment: A report on Hasbro scaling back parts of its gaming ambitions after a $56 million loss could raise concerns about profitability in its gaming segment, even though some projects remain safe.
• Negative Sentiment: JPMorgan reportedly lowered its price target to $111, which may temper enthusiasm somewhat despite the target still being above the current share price.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.