Mork Capital Management LLC Takes $984,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Mork Capital Management LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,600 shares of the company's stock, valued at approximately $984,000.

A number of other large investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Hasbro during the fourth quarter valued at about $540,000. Polymer Capital Management US LLC bought a new stake in Hasbro during the fourth quarter valued at about $502,000. Jones Financial Companies Lllp boosted its holdings in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock valued at $554,000 after acquiring an additional 2,426 shares during the period. Capital Wealth Management LLC bought a new stake in Hasbro during the fourth quarter valued at about $496,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after acquiring an additional 5,778 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

NASDAQ:HAS traded up $0.74 during mid-day trading on Friday, hitting $67.21. The company's stock had a trading volume of 1,522,585 shares, compared to its average volume of 1,719,579. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 0.60 and a beta of 0.54. The stock has a fifty day moving average of $58.66 and a 200-day moving average of $60.38.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company's quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is currently 92.41%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HAS shares. Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Friday, April 25th. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. DA Davidson reiterated a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $79.89.

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.