8,985 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,985 shares of the company’s stock, valued at approximately $502,000.

Several other institutional investors have also recently bought and sold shares of HAS. Federated Hermes Inc. increased its position in Hasbro by 1,302.3% in the 4th quarter. Federated Hermes Inc. now owns 8,484 shares of the company’s stock worth $474,000 after buying an additional 7,879 shares during the period. Russell Investments Group Ltd. increased its position in Hasbro by 186.4% during the fourth quarter. Russell Investments Group Ltd. now owns 95,753 shares of the company’s stock worth $5,354,000 after acquiring an additional 62,315 shares during the period. Wedbush Securities Inc. boosted its holdings in Hasbro by 16.9% in the 4th quarter. Wedbush Securities Inc. now owns 3,670 shares of the company’s stock valued at $205,000 after purchasing an additional 530 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro during the fourth quarter valued at about $540,000. Finally, Resona Asset Management Co. Ltd. bought a new position in Hasbro during the fourth quarter valued at about $44,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS stock opened at $53.96 on Monday. The stock’s fifty day moving average is $61.33 and its 200-day moving average is $63.14. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 52 week low of $51.12 and a 52 week high of $73.46. The stock has a market capitalization of $7.53 billion, a PE ratio of 19.62, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 5.19%. Hasbro’s payout ratio is 101.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAS. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson lifted their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. StockNews.com raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro 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.