Twinbeech Capital LP Invests $615,000 in Hasbro, Inc. (NASDAQ:HAS)

Twinbeech Capital LP acquired a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,007 shares of the company's stock, valued at approximately $615,000.

Several other hedge funds also recently modified their holdings of HAS. Parvin Asset Management LLC bought a new stake in Hasbro in the 4th quarter valued at $25,000. Allworth Financial LP grew its position in shares of Hasbro by 120.1% during 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 period. Itau Unibanco Holding S.A. grew its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Hasbro in the fourth quarter valued at approximately $44,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro in the fourth quarter worth $43,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Performance

HAS stock traded down $0.67 during trading on Wednesday, hitting $66.71. 228,454 shares of the company traded hands, compared to its average volume of 1,714,837. 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, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The stock's 50-day simple moving average is $59.66 and its 200 day simple moving average is $60.43. The company has a market cap of $9.35 billion, a PE ratio of 24.30, a P/E/G ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same period in the previous year, the firm earned $0.61 EPS. Hasbro's revenue was up 17.1% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders 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 dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Analyst Ratings Changes

Several equities analysts recently commented on HAS shares. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $81.25.

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.