Quantbot Technologies LP Invests $2.90 Million in Hasbro, Inc. (NASDAQ:HAS)

Quantbot Technologies LP acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,931 shares of the company's stock, valued at approximately $2,903,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Glenmede Trust Co. NA boosted its holdings in Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after purchasing an additional 166 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after acquiring an additional 180 shares in the last quarter. Principal Securities Inc. increased its position in shares of Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after acquiring an additional 208 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock worth $225,000 after acquiring an additional 210 shares during the period. Finally, Morningstar Investment Management LLC boosted its position in Hasbro by 5.9% in the fourth quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company's stock worth $260,000 after purchasing an additional 258 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

HAS has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Roth Mkm raised their price target 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. StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.22.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $0.11 during mid-day trading on Thursday, hitting $61.38. The company had a trading volume of 750,850 shares, compared to its average volume of 1,560,411. The stock's 50-day moving average price is $61.04 and its 200-day moving average price is $63.63. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 0.51. 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, Inc. has a 1 year low of $54.26 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.02 billion. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given 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 4.56%. Hasbro's dividend payout ratio (DPR) is currently 101.82%.

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.