3,564 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,564 shares of the company’s stock, valued at approximately $258,000.

Several other large investors have also recently bought and sold shares of HAS. Plato Investment Management Ltd acquired a new stake in shares of Hasbro during the second quarter worth about $27,000. Asset Dedication LLC raised its holdings in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 351 shares during the period. Blue Trust Inc. lifted its stake in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hasbro in the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC bought a new stake in shares of Hasbro during the second quarter worth $47,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $65.15 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company’s fifty day simple moving average is $67.77 and its 200 day simple moving average is $64.43. Hasbro, Inc. has a 1-year low of $45.87 and a 1-year high of $73.46. The company has a market cap of $9.09 billion, a price-to-earnings ratio of -14.04, a PEG ratio of 0.59 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $1.64 EPS. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, research analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. Hasbro’s dividend payout ratio is currently -60.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HAS shares. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Bank of America lifted their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $80.67.

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.