Bridgefront Capital LLC Makes New $658,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Bridgefront Capital LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,763 shares of the company's stock, valued at approximately $658,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Hasbro by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after acquiring an additional 404,527 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hasbro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after buying an additional 59,794 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares during the period. Invesco Ltd. boosted its position in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after acquiring an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.5 %

Shares of HAS traded down $0.30 during trading hours on Friday, hitting $61.48. The company had a trading volume of 1,335,130 shares, compared to its average volume of 1,698,156. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock's 50 day moving average price is $58.49 and its 200 day moving average price is $60.35. The firm has a market cap of $8.60 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business's revenue was up 17.1% on a year-over-year basis. On average, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HAS. Morgan Stanley restated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.89.

Hasbro 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.