Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by LMR Partners LLP

LMR Partners LLP grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 245.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,183 shares of the company’s stock after acquiring an additional 9,372 shares during the quarter. LMR Partners LLP’s holdings in Hasbro were worth $953,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Plato Investment Management Ltd bought a new position in Hasbro during the second quarter valued at about $27,000. Asset Dedication LLC grew its holdings in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Ashton Thomas Securities LLC bought a new stake in Hasbro in the third quarter worth about $49,000. Finally, Huntington National Bank lifted its holdings in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HAS shares. Stifel Nicolaus lifted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Price Performance

NASDAQ HAS opened at $61.76 on Wednesday. The company has a 50 day simple moving average of $68.89 and a 200-day simple moving average of $64.32. Hasbro, Inc. has a 52-week low of $43.74 and a 52-week high of $73.46. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of -13.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is currently -60.34%.

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.