Polymer Capital Management US LLC Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Polymer Capital Management US LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,985 shares of the company’s stock, valued at approximately $502,000.

A number of other large investors also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings 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 purchasing an additional 263 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro during the 4th quarter worth about $44,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro in the 3rd quarter valued at about $45,000. Principal Securities Inc. raised its position in shares of Hasbro by 16.4% in 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. Finally, Headlands Technologies LLC bought a new position in Hasbro during the 4th quarter worth approximately $123,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $53.96 on Monday. The firm’s 50 day moving average is $61.33 and its 200-day moving average is $63.14. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $7.53 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12-month low of $51.12 and a 12-month high of $73.46.

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

Hasbro Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on HAS shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus decreased their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. Finally, Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.