Dark Forest Capital Management LP Invests $713,000 in Hasbro, Inc. (NASDAQ:HAS)

Dark Forest Capital Management LP acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, Holdings Channel reports. The fund acquired 12,195 shares of the company’s stock, valued at approximately $713,000.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. DoubleLine ETF Adviser LP acquired a new position in Hasbro during the 2nd quarter valued at about $201,000. AQR Capital Management LLC raised its holdings in shares of Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after buying an additional 565,645 shares during the last quarter. AXA S.A. boosted its position in shares of Hasbro by 592.9% during the second quarter. AXA S.A. now owns 31,477 shares of the company’s stock worth $1,841,000 after buying an additional 26,934 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Hasbro in the 2nd quarter worth approximately $1,255,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Hasbro in the 2nd quarter valued at approximately $3,738,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Performance

Shares of HAS opened at $71.99 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm’s 50 day moving average is $66.14 and its 200-day moving average is $61.13. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $72.41. The stock has a market capitalization of $10.02 billion, a P/E ratio of -7.10, a P/E/G ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities research analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Analysts Set New Price Targets

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

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.