Vinva Investment Management Ltd Purchases New Holdings in Hasbro, Inc. $HAS

Vinva Investment Management Ltd acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,694 shares of the company’s stock, valued at approximately $642,000.

Other hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. purchased a new stake in Hasbro in the 2nd quarter worth about $35,000. IFP Advisors Inc boosted its holdings in shares of Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after purchasing an additional 543 shares during the period. Hillsdale Investment Management Inc. grew its position in Hasbro by 187.5% during the second quarter. Hillsdale Investment Management Inc. now owns 690 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares in the last quarter. Rothschild Investment LLC increased its stake in Hasbro by 85.0% in the 2nd quarter. Rothschild Investment LLC now owns 740 shares of the company’s stock valued at $55,000 after buying an additional 340 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its stake in Hasbro by 58.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock valued at $74,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $82.62 on Friday. The company has a market cap of $11.59 billion, a price-to-earnings ratio of -20.60, a PEG ratio of 0.98 and a beta of 0.61. The business has a 50 day moving average price of $76.57 and a 200 day moving average price of $75.09. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $83.40.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Hasbro’s payout ratio is presently -69.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research boosted their price target on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. UBS Group lifted their price objective on Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Morgan Stanley upped their target price on Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.33.

Insider Activity at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director owned 17,102 shares in the company, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

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.