Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,808 shares of the company’s stock after acquiring an additional 1,240 shares during the period. NEOS Investment Management LLC’s holdings in Hasbro were worth $325,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. True Wealth Design LLC purchased a new position in Hasbro during the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro in the 3rd quarter valued at approximately $45,000. Finally, Principal Securities Inc. increased its holdings in shares of Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after buying an additional 208 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Hasbro stock opened at $61.49 on Tuesday. The company’s 50 day moving average is $61.26 and its two-hundred day moving average is $63.46. The firm has a market cap of $8.58 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results 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 return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. Hasbro’s payout ratio is 101.82%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. DA Davidson lifted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.