Jefferies Financial Group Inc. Boosts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Jefferies Financial Group Inc. boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,943 shares of the company’s stock after buying an additional 1,243 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Hasbro were worth $668,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hasbro during the fourth quarter worth about $540,000. Polymer Capital Management US LLC purchased a new position in shares of Hasbro during the fourth quarter worth about $502,000. Jones Financial Companies Lllp grew its holdings in shares of Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares during the last quarter. Capital Wealth Management LLC purchased a new position in shares of Hasbro during the fourth quarter worth about $496,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after buying an additional 5,778 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $66.47 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market cap of $9.31 billion, a P/E ratio of 24.17, a PEG 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 company has a 50-day moving average price of $58.66 and a 200 day moving average price of $60.38.

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

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given 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 dividend yield of 4.21%. Hasbro’s payout ratio is 92.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com lowered Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of Hasbro in a report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Citigroup upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.89.

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.