Headlands Technologies LLC Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Headlands Technologies LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,203 shares of the company’s stock, valued at approximately $123,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Trust bought a new position in shares of Hasbro during the 3rd quarter worth approximately $634,000. Jones Financial Companies Lllp grew its holdings in Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after purchasing an additional 2,426 shares during the last quarter. Capital Wealth Management LLC acquired a new position in shares of Hasbro during the fourth quarter worth $496,000. Wellington Management Group LLP purchased a new stake in shares of Hasbro during the 3rd quarter valued at $3,080,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after purchasing an additional 5,778 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HAS. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Roth Mkm raised their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Trading Down 1.9 %

NASDAQ HAS opened at $53.96 on Monday. Hasbro, Inc. has a 1 year low of $51.12 and a 1 year high of $73.46. 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 capitalization of $7.53 billion, a PE ratio of 19.62, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a fifty day moving average of $61.33 and a 200 day moving average of $63.14.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.