Hasbro, Inc. (NASDAQ:HAS) Short Interest Update

Hasbro, Inc. (NASDAQ:HAS) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,400,000 shares, a growth of 18.4% from the February 13th total of 4,560,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 3.3 days. Approximately 4.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares during the last quarter. American Trust bought a new position in shares of Hasbro in the 3rd quarter valued at about $634,000. Quest Partners LLC boosted its stake in shares of Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after purchasing an additional 26,337 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after purchasing an additional 799 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after purchasing an additional 2,426 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS traded up $0.19 during trading hours on Wednesday, hitting $60.15. 408,035 shares of the company traded hands, compared to its average volume of 1,545,723. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro has a twelve month low of $53.33 and a twelve month high of $73.46. The firm has a 50-day moving average of $60.55 and a 200 day moving average of $63.88. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts forecast that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson boosted their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

About Hasbro

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.