Olympiad Research LP Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Olympiad Research LP acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,569 shares of the company’s stock, valued at approximately $423,000.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position 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 valued at $155,967,000 after buying an additional 2,779,877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after purchasing an additional 8,270 shares during the period. Mizuho Securities USA LLC grew its holdings in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares during the period. Massachusetts Financial Services Co. MA increased its position in Hasbro by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after purchasing an additional 97,039 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Hasbro by 9.5% during the third quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock worth $56,034,000 after purchasing an additional 66,995 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HAS. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday. Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $67.56 on Friday. Hasbro, Inc. has a 52-week low of $48.63 and a 52-week high of $73.46. The firm has a fifty day moving average of $58.42 and a 200-day moving average of $64.20. The firm has a market capitalization of $9.42 billion, a P/E ratio of 24.57, a PEG ratio of 0.60 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.