Bayesian Capital Management LP Buys New Holdings in Hasbro, Inc. (NASDAQ:HAS)

Bayesian Capital Management LP purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,400 shares of the company's stock, valued at approximately $246,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Hasbro by 45.2% in the 4th quarter. BNP Paribas Financial Markets now owns 250,354 shares of the company's stock worth $13,997,000 after acquiring an additional 77,922 shares during the period. AXA S.A. boosted its holdings in Hasbro by 2.0% in the 4th quarter. AXA S.A. now owns 42,413 shares of the company's stock valued at $2,371,000 after purchasing an additional 829 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the period. Freestone Grove Partners LP acquired a new position in Hasbro during the 4th quarter worth approximately $22,065,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Hasbro during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HAS shares. Morgan Stanley restated an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. 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. DA Davidson raised shares of Hasbro to a "hold" rating in a report on Monday, April 14th. Finally, Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Two equities 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 stock. According to MarketBeat, Hasbro currently has a consensus rating of "Moderate Buy" and an average target price of $79.89.

Hasbro Price Performance

Shares of HAS traded down $0.30 during mid-day trading on Friday, reaching $61.48. 1,335,130 shares of the company's stock were exchanged, 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 market cap of $8.60 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.60 and a beta of 0.54. The company has a 50-day simple moving average of $58.49 and a two-hundred day simple moving average of $60.31. 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 (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

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.