13,022 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,022 shares of the company’s stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAS. Capital Research Global Investors boosted its holdings in shares of 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 during the period. Dimensional Fund Advisors LP boosted 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 valued at $108,723,000 after acquiring an additional 135,548 shares during the period. Swedbank AB bought a new stake in Hasbro during the first quarter valued at about $82,523,000. Norges Bank acquired a new stake in shares of Hasbro in the fourth quarter valued at about $70,544,000. Finally, Cornerstone Investment Partners LLC increased its stake in shares of Hasbro by 1.3% in the first 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 period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ:HAS opened at $71.21 on Monday. 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 company has a 50-day moving average of $65.49 and a 200-day moving average of $60.78. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.25. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of -7.02, a PEG ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results 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 negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.93%. Hasbro’s dividend payout ratio is currently -27.61%.

Analyst Ratings Changes

Several analysts recently weighed in on HAS shares. Bank of America increased their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Stifel Nicolaus increased 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. DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Finally, Morgan Stanley increased their price target on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Company 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.