Twinbeech Capital LP Purchases New Position in Hasbro, Inc. (NASDAQ:HAS)

Twinbeech Capital LP purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, Holdings Channel reports. The fund purchased 11,007 shares of the company’s stock, valued at approximately $615,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock worth $914,599,000 after acquiring an additional 404,527 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after acquiring an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after acquiring an additional 2,427,299 shares during the last quarter. Invesco Ltd. raised 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 acquiring an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Citigroup raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, April 25th. Finally, Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $79.89.

Hasbro Trading Up 0.2%

HAS opened at $66.40 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The firm has a 50 day simple moving average of $59.30 and a 200 day simple moving average of $60.43. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data 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. The firm had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, May 21st. Hasbro’s dividend payout ratio is currently 92.41%.

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.