Twinbeech Capital LP Acquires Shares of 11,007 Hasbro, Inc. (NASDAQ:HAS)

Twinbeech Capital LP purchased a new position in 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 purchased 11,007 shares of the company's stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also modified their holdings of HAS. Park Avenue Securities LLC grew its position in shares of Hasbro by 8.6% during the fourth quarter. Park Avenue Securities LLC now owns 7,172 shares of the company's stock worth $401,000 after acquiring an additional 569 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Hasbro by 2.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 57,073 shares of the company's stock valued at $3,191,000 after purchasing an additional 1,097 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Hasbro by 7.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,556 shares of the company's stock valued at $702,000 after purchasing an additional 910 shares during the period. Brighton Jones LLC bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $317,000. Finally, Sound Income Strategies LLC boosted its position in shares of Hasbro by 6.9% during the fourth quarter. Sound Income Strategies LLC now owns 166,973 shares of the company's stock worth $9,335,000 after buying an additional 10,782 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Trading Up 2.2%

Shares of NASDAQ:HAS traded up $1.47 during mid-day trading on Tuesday, hitting $67.30. The stock had a trading volume of 534,812 shares, compared to its average volume of 1,922,574. The company's 50 day moving average is $59.52 and its 200-day moving average is $60.38. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The company has a market cap of $9.43 billion, a PE ratio of 24.49, 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, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company's revenue for the quarter was up 17.1% on a year-over-year basis. On average, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. Hasbro's payout ratio is presently 92.41%.

Analysts Set New Price Targets

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

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.