IFM Investors Pty Ltd Acquires 1,539 Shares of Hasbro, Inc. (NASDAQ:HAS)

IFM Investors Pty Ltd raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,377 shares of the company’s stock after acquiring an additional 1,539 shares during the quarter. IFM Investors Pty Ltd’s holdings in Hasbro were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Studio Investment Management LLC bought a new stake in Hasbro during the 3rd quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the period. ING Groep NV bought a new position in Hasbro in the third quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in Hasbro during the 4th quarter worth $36,000. Finally, Orion Capital Management LLC bought a new stake in Hasbro during the 3rd quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Monness Crespi & Hardt upped their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Mkm lifted their price objective on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Bank of America upped their target price on Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.73.

Hasbro Stock Performance

Shares of HAS stock traded down $0.50 on Friday, hitting $64.47. The company had a trading volume of 1,881,818 shares, compared to its average volume of 1,783,190. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The firm has a market cap of $8.95 billion, a P/E ratio of -6.36, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. The company has a 50-day moving average price of $54.43 and a 200-day moving average price of $51.18.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, equities research analysts predict that Hasbro, Inc. will post 3.39 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is -27.61%.

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.