Blue Grotto Capital LLC Invests $18.86 Million in Hasbro, Inc. $HAS

Blue Grotto Capital LLC bought a new position in Hasbro, Inc. (NASDAQ:HASFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 230,000 shares of the company’s stock, valued at approximately $18,860,000. Hasbro makes up 1.9% of Blue Grotto Capital LLC’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Huntington National Bank lifted its holdings in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after buying an additional 114 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares in the last quarter. Signaturefd LLC lifted its holdings in Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Hasbro by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 5,159 shares of the company’s stock worth $423,000 after buying an additional 147 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $84.99 on Tuesday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The business has a 50-day moving average of $90.96 and a 200-day moving average of $90.31. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of -51.20, a PEG ratio of 2.05 and a beta of 0.48. Hasbro, Inc. has a fifty-two week low of $67.11 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HASGet Free Report) last released its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.Hasbro’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 6.01 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were issued a dividend of $0.70 per share. The ex-dividend date was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.

Analyst Ratings Changes

Several research firms have issued reports on HAS. UBS Group upped their price objective on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Bank of America increased their price target on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Wells Fargo & Company cut their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Finally, Morgan Stanley increased their price target on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Check Out Our Latest Stock Analysis on HAS

Hasbro Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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