Oxford Asset Management LLP Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

Oxford Asset Management LLP increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 530.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,880 shares of the company's stock after acquiring an additional 20,092 shares during the quarter. Hasbro makes up approximately 0.7% of Oxford Asset Management LLP's holdings, making the stock its 22nd biggest holding. Oxford Asset Management LLP's holdings in Hasbro were worth $1,335,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after acquiring an additional 263 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro in the 4th quarter valued at approximately $43,000. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro in the 4th quarter valued at approximately $44,000. Wilmington Savings Fund Society FSB bought a new position in Hasbro during the 3rd quarter valued at $45,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Hasbro by 182.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,443 shares of the company's stock valued at $81,000 after purchasing an additional 932 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Friday, April 25th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. StockNews.com lowered Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $79.89.

Hasbro Stock Down 0.5 %

HAS stock traded down $0.33 during mid-day trading on Thursday, reaching $61.58. 572,792 shares of the company traded hands, compared to its average volume of 1,669,752. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.60 and a beta of 0.51. 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 fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm's 50 day moving average price is $59.11 and its 200 day moving average price is $60.93.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $770.60 million. During the same quarter in the prior year, the company earned $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 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. Hasbro's payout ratio is currently 92.41%.

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.