Plato Investment Management Ltd Acquires 2,252 Shares of Hasbro, Inc. (NASDAQ:HAS)

Plato Investment Management Ltd grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 479.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,722 shares of the company’s stock after purchasing an additional 2,252 shares during the period. Plato Investment Management Ltd’s holdings in Hasbro were worth $197,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the period. Samlyn Capital LLC boosted its position in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares during the period. Swedbank AB purchased a new position in Hasbro during the first quarter valued at approximately $82,523,000. Point72 Asset Management L.P. increased its holdings in Hasbro by 43.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock worth $41,407,000 after acquiring an additional 213,664 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after purchasing an additional 565,645 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research analyst reports. Morgan Stanley upped their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Price Performance

Shares of Hasbro stock opened at $62.21 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 52-week low of $43.74 and a 52-week high of $73.46. The company has a fifty day moving average of $69.09 and a 200-day moving average of $64.28. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of -13.41, a price-to-earnings-growth ratio of 0.58 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 for the quarter, beating the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given 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 yield of 4.50%. Hasbro’s payout ratio is currently -60.34%.

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.