Lombard Odier Asset Management Europe Ltd Purchases 1,819 Shares of Hasbro, Inc. (NASDAQ:HAS)

Lombard Odier Asset Management Europe Ltd boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,455 shares of the company’s stock after buying an additional 1,819 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Hasbro were worth $1,723,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HAS. Capital Research Global Investors lifted its position in Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after buying an additional 3,273,563 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 in the last quarter. Swedbank AB acquired a new position in Hasbro during the first quarter valued at approximately $82,523,000. Norges Bank bought a new position in Hasbro in the fourth quarter valued at approximately $70,544,000. Finally, Cornerstone Investment Partners LLC increased its position in shares of Hasbro by 1.3% during the 1st quarter. Cornerstone Investment Partners LLC now owns 613,745 shares of the company’s stock worth $34,689,000 after purchasing an additional 7,617 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Hasbro Stock Up 0.4 %

Shares of HAS opened at $71.47 on Tuesday. The firm has a market cap of $9.95 billion, a P/E ratio of -7.05, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.26. The firm’s 50-day simple moving average is $65.73 and its 200 day simple moving average is $60.92.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s payout ratio is -27.61%.

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.