Quarry LP Makes New $79,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Quarry LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,353 shares of the company’s stock, valued at approximately $79,000.

Several other large investors have also modified their holdings of HAS. Plato Investment Management Ltd purchased a new stake in Hasbro in the second quarter valued at $27,000. Asset Dedication LLC increased its position in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of Hasbro in the 4th quarter valued at about $36,000. Neo Ivy Capital Management purchased a new stake in shares of Hasbro in the 4th quarter valued at about $45,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Hasbro in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.7 %

Shares of NASDAQ: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. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The firm’s 50-day simple moving average is $67.43 and its 200-day simple moving average is $61.81. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last released its 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. The company had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley lifted their price target on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America increased their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. DA Davidson restated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.36.

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.