IMPACTfolio LLC Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

IMPACTfolio LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the third quarter, HoldingsChannel.com reports. The fund bought 3,080 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors grew its stake 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 buying an additional 3,273,563 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares in the last quarter. Samlyn Capital LLC grew its holdings in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the last quarter. Swedbank AB acquired a new stake in shares of Hasbro in the first quarter valued at $82,523,000. Finally, Point72 Asset Management L.P. lifted its holdings in Hasbro by 43.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock worth $41,407,000 after buying an additional 213,664 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS opened at $72.36 on Thursday. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -7.14, a PEG ratio of 0.53 and a beta of 0.61. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.46. The company’s fifty day moving average price is $67.43 and its two-hundred day moving average price is $61.81.

Hasbro (NASDAQ:HAS) last announced 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 firm had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was down 17.7% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. Hasbro’s payout ratio is -27.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. 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 boosted their price objective on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Jefferies Financial Group boosted their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus increased their price target 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 lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.36.

About Hasbro

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.