Los Angeles Capital Management LLC Purchases 5,010 Shares of Hasbro, Inc. (NASDAQ:HAS)

Los Angeles Capital Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 95.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,272 shares of the company’s stock after buying an additional 5,010 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Hasbro were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HAS. Plato Investment Management Ltd bought a new stake in Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC raised its position in shares of Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. International Assets Investment Management LLC bought a new position in Hasbro in the 2nd quarter worth approximately $46,000. Finally, Summit Securities Group LLC purchased a new position in shares of Hasbro in the second quarter valued at $47,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAS. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley raised their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $62.21 on Friday. The stock’s 50-day moving average is $69.09 and its 200 day moving average is $64.28. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 1-year low of $43.74 and a 1-year high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s revenue was down 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.50%. Hasbro’s payout ratio is -60.34%.

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.