Polymer Capital Management US LLC Acquires Shares of 8,985 Hasbro, Inc. (NASDAQ:HAS)

Polymer Capital Management US LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,985 shares of the company's stock, valued at approximately $502,000.

A number of other institutional investors have also made changes to their positions in HAS. Allworth Financial LP increased its stake in 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 buying an additional 263 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the 3rd quarter valued at $45,000. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro in the fourth quarter valued at approximately $44,000. Principal Securities Inc. boosted its stake 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 acquiring an additional 208 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Hasbro in the 4th quarter worth $123,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAS has been the subject of a number of analyst reports. DA Davidson raised their price target 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. StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.22.

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Hasbro Stock Performance

HAS stock traded up $1.04 during midday trading on Friday, hitting $52.04. The company's stock had a trading volume of 1,826,030 shares, compared to its average volume of 1,653,192. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.60 and a beta of 0.51. The stock's 50-day moving average price is $60.56 and its 200 day moving average price is $62.33. 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 (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.38%. 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.