Point72 Hong Kong Ltd Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Point72 Hong Kong Ltd bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,402 shares of the company's stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of HAS. Parvin Asset Management LLC acquired a new position in shares of Hasbro during the 4th quarter valued at $25,000. Allworth Financial LP raised its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the fourth quarter worth approximately $43,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Hasbro in the 4th quarter valued at $44,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

HAS traded up $0.18 during trading on Tuesday, hitting $68.36. 1,905,844 shares of the company traded hands, compared to its average volume of 1,725,900. The firm has a market cap of $9.58 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The stock's fifty day moving average is $58.87 and its 200 day moving average is $60.33. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

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

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.10%. Hasbro's dividend payout ratio is presently 92.41%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HAS shares. 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 report on Friday, April 25th. 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 report on Friday, February 21st. DA Davidson reiterated a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hasbro presently has a consensus rating of "Moderate Buy" and an average 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.