Jupiter Asset Management Ltd. Invests $13.64 Million in Hasbro, Inc. (NASDAQ:HAS)

Jupiter Asset Management Ltd. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 243,978 shares of the company’s stock, valued at approximately $13,641,000. Jupiter Asset Management Ltd. owned approximately 0.17% of Hasbro as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after acquiring an additional 5,778 shares during the period. Mizuho Securities USA LLC raised its stake in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Amundi raised its stake in Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after acquiring an additional 423,249 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research analyst reports. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Stock Down 1.7 %

HAS stock opened at $61.86 on Thursday. 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 stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.60 and a beta of 0.51. The business’s fifty day moving average price is $60.31 and its two-hundred day moving average price is $64.14. Hasbro, Inc. has a fifty-two week low of $52.47 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business 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 4.53%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 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.