Stevens Capital Management LP Makes New $209,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Stevens Capital Management LP acquired a new position in Hasbro, purchasing 3,398 shares valued at approximately $209,000 in the 1st quarter.
• Analysts have progressively increased their price targets for Hasbro, with Monness Crespi & Hardt raising it from $80.00 to $90.00 and JPMorgan Chase & Co. to $94.00, indicating a consensus rating of "Moderate Buy."
• Hasbro declared a quarterly dividend of $0.70, with a dividend yield of 3.73%, to be paid on September 3rd to shareholders of record on August 20th.

Stevens Capital Management LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,398 shares of the company's stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Commerce Bank grew its stake in shares of Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Hasbro by 32.1% during 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. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after acquiring an additional 186 shares in the last quarter. Blair William & Co. IL raised its position in shares of Hasbro by 1.0% during the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock worth $1,081,000 after acquiring an additional 192 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Hasbro by 16.2% during the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock worth $91,000 after purchasing an additional 205 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAS. Roth Capital raised their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson raised their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.27.

Hasbro Stock Performance

HAS traded up $0.10 during trading on Wednesday, hitting $76.40. The stock had a trading volume of 264,926 shares, compared to its average volume of 2,057,428. The firm has a market capitalization of $10.71 billion, a P/E ratio of -18.82, a PEG ratio of 1.00 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $78.83. The company's 50-day moving average price is $71.74 and its 200 day moving average price is $64.00.

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 negative net margin of 13.37% and a positive return on equity of 64.49%. The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same period in the previous year, the business posted $1.22 earnings per share. The business's revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, August 20th. Hasbro's payout ratio is -68.97%.

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.