LMR Partners LLP Grows Position in Hasbro, Inc. (NASDAQ:HAS)

LMR Partners LLP boosted its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 245.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,183 shares of the company's stock after purchasing an additional 9,372 shares during the quarter. LMR Partners LLP's holdings in Hasbro were worth $953,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in Hasbro during the 2nd quarter worth $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company's stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. boosted its holdings in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company's stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $46,000. Finally, Summit Securities Group LLC purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

Shares of NASDAQ HAS traded up $0.78 during trading on Wednesday, reaching $61.85. The company had a trading volume of 1,570,440 shares, compared to its average volume of 1,622,449. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a twelve month low of $43.74 and a twelve month high of $73.46. The stock has a 50-day moving average price of $68.77 and a two-hundred day moving average price of $64.32. The stock has a market capitalization of $8.63 billion, a PE ratio of -13.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company's quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro's dividend payout ratio (DPR) is -60.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HAS shares. Jefferies Financial Group increased their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Stifel Nicolaus increased their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price 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 boosted their price target on Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.