Bayesian Capital Management LP Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Bayesian Capital Management LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,400 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after acquiring an additional 2,427,299 shares during the last quarter. Norges Bank acquired a new position in shares of Hasbro during the fourth quarter worth $96,359,000. Invesco Ltd. grew its stake in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock valued at $147,791,000 after purchasing an additional 507,054 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. DA Davidson raised shares of Hasbro to a “hold” rating in a research note on Monday, April 14th. Citigroup raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, April 25th. Finally, StockNews.com downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $79.89.

Hasbro Trading Up 0.6 %

Shares of Hasbro stock opened at $61.78 on Friday. The stock has a market capitalization of $8.64 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The stock has a 50 day moving average price of $58.50 and a two-hundred day moving average price of $60.49. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Hasbro’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. Hasbro’s dividend payout ratio (DPR) is currently 92.41%.

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.