Blueshift Asset Management LLC Acquires Shares of 19,103 Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Blueshift Asset Management LLC has acquired 19,103 shares of Hasbro, Inc. valued at approximately $1,175,000 during the first quarter, indicating growing institutional interest.
• Analysts have raised their price targets for Hasbro, with several firms issuing "buy" ratings and an average target price of $86.27.
• Hasbro recently announced a quarterly dividend of $0.70 per share, which presents a dividend yield of 3.7%, as part of its ongoing financial strategy.

Blueshift Asset Management LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,103 shares of the company's stock, valued at approximately $1,175,000.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $25,000. Sentry Investment Management LLC bought a new position in shares of Hasbro during the 1st quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after buying an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Hasbro by 32.1% in the 4th 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. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Hasbro in the fourth quarter valued at approximately $43,000. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Shares of Hasbro stock traded down $0.53 during trading on Friday, reaching $74.63. 2,129,307 shares of the stock traded hands, compared to its average volume of 2,485,920. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a fifty day simple moving average of $72.29 and a two-hundred day simple moving average of $64.39. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of -18.38, a P/E/G ratio of 0.98 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. During the same period last year, the firm posted $1.22 earnings per share. Hasbro's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Analyst Ratings Changes

Several research firms recently commented on HAS. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Roth Capital increased their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Monness Crespi & Hardt lifted their price target on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, DA Davidson increased their target price on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and an average target price of $86.27.

About Hasbro

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.