Entropy Technologies LP bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,497 shares of the company's stock, valued at approximately $400,000.
Several other hedge funds also recently made changes to their positions in HAS. Parvin Asset Management LLC bought a new stake in Hasbro in the fourth quarter valued at $25,000. Sentry Investment Management LLC bought a new stake in Hasbro in the first quarter valued at $28,000. SBI Securities Co. Ltd. boosted its holdings in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. grew its position 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 period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the 4th quarter worth about $43,000. 91.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HAS has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Roth Capital upped their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. UBS Group upped their price target on shares of Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup upped their price target on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. 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 and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and a consensus target price of $86.42.
Read Our Latest Stock Report on Hasbro
Hasbro Trading Up 0.7%
HAS traded up $0.59 during trading on Friday, reaching $81.14. The company had a trading volume of 1,498,930 shares, compared to its average volume of 2,597,188. The stock has a market cap of $11.38 billion, a P/E ratio of -19.99, a PEG ratio of 1.04 and a beta of 0.60. The business has a 50 day simple moving average of $74.74 and a 200-day simple moving average of $65.76. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $81.31. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The company had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. During the same period last year, the company earned $1.22 earnings per share. Hasbro's revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Hasbro's dividend payout ratio (DPR) is currently -68.97%.
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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