Lombard Odier Asset Management Europe Ltd Acquires 1,819 Shares of Hasbro, Inc. (NASDAQ:HAS)

Lombard Odier Asset Management Europe Ltd increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,455 shares of the company’s stock after buying an additional 1,819 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Hasbro were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HAS. Capital Research Global Investors lifted its position in Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares during the period. Swedbank AB bought a new stake in shares of Hasbro during the 1st quarter worth approximately $82,523,000. Norges Bank acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $70,544,000. SG Americas Securities LLC increased its stake in Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after acquiring an additional 281,454 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new position in Hasbro in the first quarter valued at approximately $15,058,000. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America upped their price objective on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. DA Davidson reiterated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Finally, Morgan Stanley increased their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Up 0.4 %

Shares of NASDAQ HAS opened at $71.47 on Tuesday. The company has a 50 day simple moving average of $65.73 and a 200 day simple moving average of $60.92. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $72.26. The firm has a market cap of $9.95 billion, a PE ratio of -7.05, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio is currently -27.61%.

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.