Quarry LP Makes A New $79,000 Investment In Hasbro, Inc. (NASDAQ:HAS)

Vaseline2 weeks ago

0 3 minutes read

Quarry LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,353 shares of the company’s stock, valued at approximately $79,000.

Several other large investors have also modified their holdings of HAS. Plato Investment Management Ltd acquired a new stake in Hasbro in the second quarter valued at $27,000. Asset Dedication LLC grew its position in shares of Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares in the last quarter. Optiver Holding BV purchased a new stake in shares of Hasbro in the 4th quarter valued at about $36,000. Neo Ivy Capital Management purchased a new stake in shares of Hasbro in the 4th quarter valued at about $45,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Hasbro in the second quarter valued at about $46,000. Institutional investors and hedge funds own 91.83% of the company’s shares.

Hasbro stock down 0.7%

Shares of NASDAQ:HAS opened at $72.36 on Thursday. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -7.14, a PEG ratio of 0.53 and a beta of 0.61. Hasbro, Inc. it has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The company’s 50-day simple moving average is $67.43, and its 200-day simple moving average is $61.81. The company has a quick ratio of 1.27, a current ratio of 1.46, and a debt-to-equity ratio of 2.95.

Want more great investment ideas?

Hasbro (NASDAQ:HAS – Get Your Free Report ) last released its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s quarterly revenue was down 17.7% year over year. In the same quarter last year, the firm posted EPS of $0.49. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro announces dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a $0.70 dividend. This represents a dividend of $2.80 on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, August 21. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Changes in Analyst Ratings

Several research analysts have commented on the company. Morgan Stanley lifted their price target on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a 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. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.36, according to MarketBeat.

Read our latest research report on HAS

Hasbro profile

(Free Report)

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 the Corporate and Other segments.