Chesapeake Capital Corp IL Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Chesapeake Capital Corp IL purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,329 shares of the company's stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Plato Investment Management Ltd purchased a new stake in Hasbro in the second quarter valued at $27,000. Asset Dedication LLC increased its stake in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company's stock valued at $28,000 after buying an additional 351 shares during the period. Blue Trust Inc. raised its holdings in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Hasbro in the 2nd quarter valued at approximately $46,000. Finally, Summit Securities Group LLC acquired a new stake in Hasbro in the second quarter valued at $47,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Down 1.3 %

Shares of HAS traded down $0.85 during trading hours on Friday, reaching $62.21. The stock had a trading volume of 1,168,618 shares, compared to its average volume of 1,617,096. The company has a market cap of $8.68 billion, a P/E ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 52 week low of $43.74 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average of $69.01 and a 200 day moving average of $64.29.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business's quarterly revenue was down 14.8% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. On average, sell-side analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. Hasbro's dividend payout ratio (DPR) is currently -60.34%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HAS shares. Morgan Stanley increased their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Jefferies Financial Group raised their price target on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.67.

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.