Two Sigma Investments LP purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 351,138 shares of the company’s stock, valued at approximately $31,915,000. Two Sigma Investments LP owned approximately 0.28% of Hasbro at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP grew its stake in shares of Hasbro by 133.3% in the 4th quarter. Two Sigma Advisers LP now owns 423,400 shares of the company’s stock worth $38,483,000 after acquiring an additional 241,930 shares in the last quarter. Ellington Management Group LLC bought a new stake in shares of Hasbro in the 4th quarter worth $209,000. Stone Ridge Asset Management LLC bought a new stake in shares of Hasbro in the 4th quarter worth $1,045,000. Deutsche Bank AG grew its stake in shares of Hasbro by 6.4% in the 4th quarter. Deutsche Bank AG now owns 602,860 shares of the company’s stock worth $54,790,000 after acquiring an additional 36,478 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Hasbro by 5.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 18,183 shares of the company’s stock worth $1,885,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.
HAS has been the subject of several recent analyst reports. DA Davidson set a $124.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BMO Capital Markets restated a “hold” rating and set a $83.00 price target on shares of Hasbro in a research report on Monday, November 27th. BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, B. Riley assumed coverage on shares of Hasbro in a research report on Thursday, December 21st. They set a “buy” rating and a $108.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $109.50.
Hasbro, Inc. (NASDAQ:HAS) opened at $89.35 on Wednesday. The firm has a market cap of $11,184.69, a PE ratio of 16.84, a P/E/G ratio of 1.43 and a beta of 0.82. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro, Inc. has a 1 year low of $87.92 and a 1 year high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. equities analysts forecast that Hasbro, Inc. will post 5.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 2.82%. Hasbro’s dividend payout ratio is 73.08%.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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