Machina Capital S.A.S. Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Machina Capital S.A.S. lifted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 107.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,724 shares of the company's stock after acquiring an additional 12,828 shares during the period. Machina Capital S.A.S.'s holdings in Hasbro were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HAS. True Wealth Design LLC purchased a new position in Hasbro in the third quarter worth about $31,000. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after acquiring an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Hasbro during the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro in the 3rd quarter worth about $45,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $49,000. Institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAS. Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson boosted 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. Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley reissued 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of "Moderate Buy" and a consensus price target of $80.22.

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Hasbro Price Performance

HAS traded down $1.09 during trading on Wednesday, hitting $61.86. The company's stock had a trading volume of 2,113,314 shares, compared to its average volume of 1,622,583. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a twelve month low of $52.47 and a twelve month high of $73.46. The business's fifty day simple moving average is $60.19 and its 200 day simple moving average is $64.15.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Monday, March 3rd. Hasbro's dividend payout ratio 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.