21,455 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,455 shares of the company’s stock, valued at approximately $1,255,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lindbrook Capital LLC grew its holdings in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Hasbro by 0.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after purchasing an additional 288 shares during the last quarter. Finally, Wealth Advisors of Tampa Bay LLC lifted its stake in shares of Hasbro by 0.6% in the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 49,302 shares of the company’s stock worth $2,884,000 after purchasing an additional 295 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

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

Hasbro Stock Up 0.7 %

NASDAQ:HAS opened at $71.95 on Wednesday. The business’s 50-day simple moving average is $65.93 and its two-hundred day simple moving average is $61.06. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.26. 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 (NASDAQ:HAS) last issued its 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. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the company earned $0.49 EPS. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -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.