111 Capital bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,024 shares of the company's stock, valued at approximately $281,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hasbro in the 4th quarter worth approximately $540,000. Polymer Capital Management US LLC bought a new stake in Hasbro in the fourth quarter worth approximately $502,000. Jones Financial Companies Lllp raised 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 buying an additional 2,426 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after acquiring an additional 5,778 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Hasbro by 38.2% in the 4th quarter. Van ECK Associates Corp now owns 105,201 shares of the company's stock worth $5,882,000 after purchasing an additional 29,066 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Friday, April 25th. DA Davidson reiterated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Morgan Stanley raised their price target on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $80.38.
View Our Latest Stock Analysis on Hasbro
Hasbro Trading Up 0.2%
HAS traded up $0.13 during mid-day trading on Tuesday, hitting $65.68. The stock had a trading volume of 1,112,199 shares, compared to its average volume of 1,669,416. The stock's fifty day simple moving average is $60.08 and its 200-day simple moving average is $60.50. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter last year, the business posted $0.61 EPS. The firm's revenue was up 17.1% compared to the same quarter last year. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.
Hasbro Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio is 92.41%.
Hasbro Company Profile
(
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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