Algert Global LLC Invests $2.80 Million in Hasbro, Inc. (NASDAQ:HAS)

Algert Global LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 47,905 shares of the company’s stock, valued at approximately $2,802,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Hasbro by 27.0% in 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after acquiring an additional 135,548 shares during the last quarter. Samlyn Capital LLC lifted its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares during the period. Swedbank AB bought a new stake in Hasbro in the first quarter valued at approximately $82,523,000. Finally, Point72 Asset Management L.P. raised 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 purchasing an additional 213,664 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hasbro Stock Up 0.8 %

Hasbro stock opened at $72.89 on Wednesday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The stock has a market cap of $10.15 billion, a PE ratio of -7.19, a price-to-earnings-growth 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 $67.18 and its 200 day simple moving average is $61.73.

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

Hasbro Dividend Announcement

The firm also recently announced 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, August 21st. Hasbro’s payout ratio is -27.61%.

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.