Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by USA Financial Formulas

USA Financial Formulas boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 36,079.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,984 shares of the company’s stock after purchasing an additional 20,926 shares during the period. Hasbro comprises approximately 0.2% of USA Financial Formulas’ investment portfolio, making the stock its 26th biggest holding. USA Financial Formulas’ holdings in Hasbro were worth $1,518,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HAS. Plato Investment Management Ltd purchased a new position in shares of Hasbro during the 2nd quarter valued at approximately $27,000. Asset Dedication LLC increased its holdings in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hasbro in the second quarter worth about $46,000. Summit Securities Group LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth about $47,000. Finally, Mather Group LLC. grew its position in shares of Hasbro by 56.7% during the 3rd quarter. Mather Group LLC. now owns 804 shares of the company’s stock valued at $58,000 after acquiring an additional 291 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.2 %

HAS opened at $72.24 on Thursday. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. The company’s 50 day simple moving average is $68.10 and its two-hundred day simple moving average is $62.35. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders 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 annualized dividend and a yield of 3.88%. Hasbro’s payout ratio is -27.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HAS shares. Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America upped their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, DA Davidson reiterated a “neutral” rating and issued a $59.00 target price on shares of Hasbro 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.73.

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.