Neo Ivy Capital Management Takes $3.72 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Neo Ivy Capital Management bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,519 shares of the company's stock, valued at approximately $3,719,000.

Other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Hasbro in the 4th quarter worth about $25,000. Allworth Financial LP boosted its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in 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. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro in the 4th quarter worth about $44,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro in the 4th quarter worth about $43,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

NASDAQ HAS opened at $66.40 on Friday. The stock has a market cap of $9.30 billion, a PE ratio of 24.15, a P/E/G ratio of 0.60 and a beta of 0.54. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The stock has a fifty day simple moving average of $59.30 and a 200-day simple moving average of $60.43.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company's revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

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 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Friday, April 25th. DA Davidson reissued a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Roth Mkm upped 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. Finally, Morgan Stanley restated an "overweight" rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.

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