EntryPoint Capital LLC Makes New $599,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

EntryPoint Capital LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,715 shares of the company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of Hasbro by 9.0% during the third quarter. Thrivent Financial for Lutherans now owns 55,983 shares of the company’s stock worth $4,049,000 after purchasing an additional 4,617 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Hasbro by 4.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,168 shares of the company’s stock worth $2,399,000 after buying an additional 1,541 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Hasbro by 306.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,462 shares of the company’s stock valued at $757,000 after buying an additional 7,890 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after buying an additional 97,039 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAS. Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Roth Mkm raised their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 1.7 %

NASDAQ:HAS opened at $61.60 on Tuesday. Hasbro, Inc. has a 1 year low of $54.05 and a 1 year high of $73.46. The stock has a 50-day moving average price of $60.84 and a two-hundred day moving average price of $63.68. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is presently 101.82%.

Hasbro Company 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.