Oxford Asset Management LLP Boosts Stake in Hasbro, Inc. (NASDAQ:HAS)

Oxford Asset Management LLP grew its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 530.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,880 shares of the company's stock after acquiring an additional 20,092 shares during the period. Hasbro comprises approximately 0.7% of Oxford Asset Management LLP's portfolio, making the stock its 22nd largest position. Oxford Asset Management LLP's holdings in Hasbro were worth $1,335,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Trust acquired a new position in shares of Hasbro during the third quarter worth $634,000. Jones Financial Companies Lllp grew its stake in shares of Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after purchasing an additional 2,426 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Hasbro during the fourth quarter worth $502,000. Capital Wealth Management LLC acquired a new position in shares of Hasbro during the fourth quarter worth $496,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro during the fourth quarter worth $540,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $0.35 on Monday, reaching $61.34. The company's stock had a trading volume of 2,345,172 shares, compared to its average volume of 1,669,073. The stock's 50-day moving average is $59.38 and its two-hundred day moving average is $60.92. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a market capitalization of $8.58 billion, a P/E ratio of 22.31, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business's revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.56%. Hasbro's dividend payout ratio is currently 92.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Friday. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average target price of $79.89.

Hasbro 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.