Xponance Inc. Buys 1,262 Shares of Hasbro, Inc. (NASDAQ:HAS)

Xponance Inc. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,008 shares of the company’s stock after purchasing an additional 1,262 shares during the period. Xponance Inc.’s holdings in Hasbro were worth $1,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HAS. National Bank of Canada FI boosted its holdings in shares of Hasbro by 26.5% during the 3rd quarter. National Bank of Canada FI now owns 29,159 shares of the company’s stock valued at $1,874,000 after purchasing an additional 6,104 shares during the last quarter. CWM LLC lifted its holdings in shares of Hasbro by 19.2% in the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $92,000 after acquiring an additional 224 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Hasbro in the 3rd quarter valued at about $734,000. Czech National Bank lifted its holdings in shares of Hasbro by 47.8% in the 3rd quarter. Czech National Bank now owns 22,794 shares of the company’s stock valued at $1,508,000 after acquiring an additional 7,370 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Hasbro in the 3rd quarter valued at about $249,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 4.0 %

Shares of NASDAQ:HAS opened at $58.14 on Wednesday. The business has a 50 day simple moving average of $53.64 and a two-hundred day simple moving average of $50.95. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The firm has a market capitalization of $8.07 billion, a PE ratio of -5.42, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $1.31 EPS. The business’s revenue was down 23.2% on a year-over-year basis. On average, equities analysts predict that Hasbro, Inc. will post 3.27 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -26.12%.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of analyst reports. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Bank of America increased their price target on shares of Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Stifel Nicolaus increased their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. Jefferies Financial Group raised their price objective on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.80.

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.