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

Plato Investment Management Ltd raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 479.1% during the third quarter, Holdings Channel reports. The firm owned 2,722 shares of the company’s stock after buying an additional 2,252 shares during the quarter. Plato Investment Management Ltd’s holdings in Hasbro were worth $197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HAS. Intech Investment Management LLC grew its stake in Hasbro by 351.7% in the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after purchasing an additional 19,007 shares during the period. International Assets Investment Management LLC grew its position in shares of Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after buying an additional 55,847 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Hasbro by 7.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after acquiring an additional 10,961 shares during the period. GW Henssler & Associates Ltd. purchased a new position in Hasbro during the 3rd quarter valued at about $18,163,000. Finally, Russell Investments Group Ltd. boosted its stake in Hasbro by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock worth $1,557,000 after acquiring an additional 8,280 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of HAS opened at $62.21 on Friday. The firm has a market cap of $8.68 billion, a PE ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 1-year low of $43.74 and a 1-year high of $73.46. 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 firm has a fifty day simple moving average of $69.09 and a two-hundred day simple moving average of $64.28.

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

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HAS shares. Morgan Stanley lifted their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America lifted their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus 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.