Hasbro, Inc. (NASDAQ:HAS) Short Interest Update

Hasbro, Inc. (NASDAQ:HAS) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,260,000 shares, a decrease of 6.9% from the September 15th total of 3,500,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Hasbro

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

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. 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. Stifel Nicolaus boosted their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $73.18.

Hasbro Trading Down 0.0 %

Hasbro stock traded down $0.03 during mid-day trading on Wednesday, hitting $71.61. 1,388,319 shares of the stock were exchanged, compared to its average volume of 1,629,253. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of -7.06, a PEG ratio of 0.54 and a beta of 0.61. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.46. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The firm’s fifty day simple moving average is $69.08 and its two-hundred day simple moving average is $62.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share 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 business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the firm earned $0.49 earnings per share. Hasbro’s quarterly revenue was down 17.7% on a year-over-year basis. Analysts forecast that Hasbro will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors 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 3.91%. Hasbro’s dividend payout ratio is currently -27.61%.

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.