Brevan Howard Capital Management LP acquired a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,737 shares of the company's stock, valued at approximately $488,000.
Several other hedge funds have also recently made changes to their positions in HAS. Bridgefront Capital LLC acquired a new position in Hasbro in the 4th quarter valued at $658,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Hasbro during the 4th quarter worth about $741,000. Baird Financial Group Inc. lifted its holdings in shares of Hasbro by 96.1% in the 4th quarter. Baird Financial Group Inc. now owns 4,071 shares of the company's stock worth $228,000 after acquiring an additional 1,995 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Hasbro in the 4th quarter valued at $246,000. Finally, BNP Paribas Financial Markets increased its stake in Hasbro by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 250,354 shares of the company's stock worth $13,997,000 after buying an additional 77,922 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.
Hasbro Stock Performance
Hasbro stock traded up $4.04 during mid-day trading on Monday, reaching $65.56. The company had a trading volume of 4,201,282 shares, compared to its average volume of 1,708,168. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.60 and a beta of 0.54. The company has a 50 day moving average of $58.54 and a 200-day 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 posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share 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 company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the business posted $0.61 earnings per share. The company's revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts expect 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 paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. Hasbro's payout ratio is 92.41%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on HAS. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson upgraded shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Friday, April 25th. Finally, Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $79.89.
Read Our Latest Stock Analysis on Hasbro
About Hasbro
(
Free Report)
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.
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