Intech Investment Management LLC Purchases 6,923 Shares of Hasbro, Inc. $HAS

Intech Investment Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,950 shares of the company’s stock after buying an additional 6,923 shares during the quarter. Intech Investment Management LLC’s holdings in Hasbro were worth $3,112,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro in the second quarter valued at $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Hasbro in the third quarter valued at $34,000. Wexford Capital LP purchased a new position in shares of Hasbro in the third quarter valued at $37,000. Finally, Leonteq Securities AG purchased a new position in shares of Hasbro in the fourth quarter valued at $49,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 1.4%

Shares of HAS stock opened at $83.88 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The business has a 50-day moving average price of $92.39 and a two-hundred day moving average price of $89.91. Hasbro, Inc. has a 12-month low of $64.85 and a 12-month high of $106.98. The firm has a market cap of $11.87 billion, a P/E ratio of -50.53, a price-to-earnings-growth ratio of 2.10 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s payout ratio is -168.67%.

Wall Street Analysts Forecast Growth

HAS has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company reduced their price target on Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. UBS Group lifted their price target on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. BNP Paribas Exane lifted their price target on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley lifted their price target on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.