Eurizon Capital SGR S.p.A. Invests $863,000 in Hasbro, Inc. $HAS

Eurizon Capital SGR S.p.A. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,504 shares of the company’s stock, valued at approximately $863,000.

Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the second quarter valued at $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro during the third quarter valued at $34,000. Wexford Capital LP purchased a new stake in shares of Hasbro during the third quarter valued at $37,000. Finally, Leonteq Securities AG purchased a new stake in shares of Hasbro during the fourth quarter valued at $49,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ:HAS opened at $84.13 on Thursday. Hasbro, Inc. has a one year low of $64.91 and a one year high of $106.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of -50.68, a PEG ratio of 2.07 and a beta of 0.48. The firm’s fifty day moving average is $92.07 and its two-hundred day moving average is $89.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Research analysts expect that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s dividend payout ratio is presently -168.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAS. Wolfe Research boosted their price objective on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Argus set a $105.00 price objective on shares of Hasbro in a report on Friday, March 13th. Jefferies Financial Group boosted their price objective on shares of Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane boosted their price objective on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $113.64.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.