NINE MASTS CAPITAL Ltd Acquires Shares of 24,190 Hasbro, Inc. (NASDAQ:HAS)

NINE MASTS CAPITAL Ltd bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,190 shares of the company’s stock, valued at approximately $1,352,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HAS. Allworth Financial LP increased its position in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares in the last quarter. Blue Trust Inc. boosted its holdings in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Hasbro in the third quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the third quarter valued at $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro in the 3rd quarter worth about $45,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on HAS shares. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. DA Davidson increased their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance

NASDAQ HAS opened at $65.11 on Monday. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a 1-year low of $49.21 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The business’s fifty day moving average price is $59.26 and its 200-day moving average price is $64.31.

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

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.