Cullen Investment Group LTD. Purchases New Holdings in Hasbro, Inc. (NASDAQ:HAS)

Cullen Investment Group LTD. acquired a new position in Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,217 shares of the company’s stock, valued at approximately $233,000.

Several other large investors also recently bought and sold shares of HAS. Plato Investment Management Ltd purchased a new position in shares of Hasbro in the second quarter worth about $27,000. Asset Dedication LLC lifted its stake in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hasbro during the 2nd quarter worth approximately $46,000. Summit Securities Group LLC purchased a new stake in shares of Hasbro in the second quarter valued at approximately $47,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Hasbro in the fourth quarter valued at approximately $45,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Up 0.7 %

Shares of HAS traded up $0.51 during midday trading on Friday, reaching $72.31. The stock had a trading volume of 1,291,333 shares, compared to its average volume of 1,654,104. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -7.13, a PEG ratio of 0.53 and a beta of 0.61. The company’s fifty day simple moving average is $67.81 and its two-hundred day simple moving average is $62.06. 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 issued its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.44. The business had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Wednesday, August 21st. Hasbro’s payout ratio is currently -27.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America lifted their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Jefferies Financial Group increased their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their price target on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.36.

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.