Bridges Investment Management Inc. Purchases New Position in Hasbro, Inc. (NASDAQ:HAS)

Bridges Investment Management Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,370 shares of the company’s stock, valued at approximately $665,000.

A number of other hedge funds also recently bought and sold shares of HAS. Dimensional Fund Advisors LP increased its holdings in Hasbro by 26.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock valued at $73,593,000 after purchasing an additional 300,420 shares during the period. Norges Bank bought a new stake in Hasbro during the 4th quarter valued at approximately $70,544,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after acquiring an additional 215 shares in the last quarter. UBS Group AG boosted its position in Hasbro by 43.1% during the 4th quarter. UBS Group AG now owns 329,666 shares of the company’s stock valued at $16,833,000 after acquiring an additional 99,263 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Hasbro by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,226 shares of the company’s stock valued at $624,000 after acquiring an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAS. Stifel Nicolaus lifted their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley lifted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $71.21 on Friday. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $72.25. The firm has a market cap of $9.91 billion, a P/E ratio of -7.02, a PEG ratio of 0.52 and a beta of 0.61. The company has a 50 day moving average of $65.49 and a 200 day moving average of $60.71. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. Hasbro’s payout ratio is currently -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.