Algert Global LLC Invests $2.80 Million in Hasbro, Inc. (NASDAQ:HAS)

Algert Global LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 47,905 shares of the company's stock, valued at approximately $2,802,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company's stock worth $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company's stock worth $108,723,000 after acquiring an additional 135,548 shares during the last quarter. Samlyn Capital LLC lifted its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company's stock worth $107,252,000 after acquiring an additional 855,099 shares during the period. Swedbank AB bought a new stake in Hasbro in the first quarter valued at approximately $82,523,000. Finally, Point72 Asset Management L.P. raised its holdings in Hasbro by 43.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company's stock worth $41,407,000 after purchasing an additional 213,664 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the topic of a number of analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $59.00 price objective on shares of Hasbro in a research note on Friday, July 26th. Jefferies Financial Group lifted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday. Bank of America lifted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Morgan Stanley upped their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on Hasbro from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $72.36.

Hasbro Stock Up 0.8 %

Hasbro stock opened at $72.89 on Wednesday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The stock has a market cap of $10.15 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The firm's 50-day simple moving average is $67.18 and its 200 day simple moving average is $61.73.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. Hasbro's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, August 21st. Hasbro's payout ratio is -27.61%.

About Hasbro

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.

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