Hasbro, Inc. (NASDAQ:HAS) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,377 shares of the company’s stock after purchasing an additional 1,539 shares during the period. IFM Investors Pty Ltd’s holdings in Hasbro were worth $2,056,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S grew its stake in Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after purchasing an additional 215 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Hasbro by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock worth $3,905,000 after purchasing an additional 220 shares during the last quarter. CWM LLC increased its position in shares of Hasbro by 19.2% in the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after purchasing an additional 224 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Hasbro by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Hasbro by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after purchasing an additional 300 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS traded down $0.50 during trading hours on Friday, hitting $64.47. The company’s stock had a trading volume of 1,881,818 shares, compared to its average volume of 1,783,190. The company has a 50-day simple moving average of $54.43 and a 200 day simple moving average of $51.18. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $8.95 billion, a PE ratio of -6.36, a PEG ratio of 1.09 and a beta of 0.74. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same period last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.39 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Analyst Ratings Changes

Several brokerages recently weighed in on HAS. Roth Mkm boosted their price objective on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus raised their price objective on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Finally, Jefferies Financial Group raised their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.73.

Hasbro 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.