Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,808 shares of the company’s stock after acquiring an additional 1,240 shares during the quarter. NEOS Investment Management LLC’s holdings in Hasbro were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in Hasbro during the 3rd quarter valued at about $31,000. Allworth Financial LP boosted its position in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the 3rd quarter worth approximately $45,000. Finally, Principal Securities Inc. lifted its stake in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $61.49 on Tuesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a fifty day moving average of $61.26 and a 200 day moving average of $63.46. The firm has a market cap of $8.58 billion, a PE ratio of 22.36, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $54.26 and a one year high of $73.46.

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

Hasbro Dividend Announcement

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

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.22.

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.