Man Group plc Grows Stake in Hasbro, Inc. (NASDAQ:HAS)

Man Group plc boosted its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 46.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,129 shares of the company's stock after acquiring an additional 55,811 shares during the quarter. Man Group plc owned 0.13% of Hasbro worth $9,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Hasbro by 3.9% during the third quarter. Principal Financial Group Inc. now owns 153,904 shares of the company's stock valued at $11,130,000 after purchasing an additional 5,771 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Hasbro in the 4th quarter worth about $5,727,000. Park Avenue Securities LLC lifted its stake in Hasbro by 8.6% during the 4th quarter. Park Avenue Securities LLC now owns 7,172 shares of the company's stock valued at $401,000 after acquiring an additional 569 shares during the period. Krilogy Financial LLC boosted its holdings in shares of Hasbro by 50.8% during the 4th quarter. Krilogy Financial LLC now owns 29,445 shares of the company's stock valued at $1,646,000 after acquiring an additional 9,913 shares during the last quarter. Finally, Capital Wealth Management LLC bought a new stake in shares of Hasbro in the fourth quarter worth approximately $496,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

HAS traded up $0.12 during midday trading on Thursday, reaching $66.40. The company had a trading volume of 1,128,870 shares, compared to its average volume of 1,724,197. The business has a 50-day moving average of $59.18 and a two-hundred day moving average of $60.43. 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, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The company has a market cap of $9.30 billion, a P/E ratio of 24.15, a P/E/G ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) 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 period in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors 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 4.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is 92.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hasbro has a consensus rating of "Buy" and an average price target of $79.89.

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.