Oddo BHF Asset Management Sas Purchases Shares of 14,091 Hasbro, Inc. $HAS

Oddo BHF Asset Management Sas purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,091 shares of the company’s stock, valued at approximately $1,155,000.

Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro during the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in Hasbro in the second quarter worth $25,000. MUFG Securities EMEA plc purchased a new stake in Hasbro in the second quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Hasbro in the third quarter worth $34,000. Finally, Wexford Capital LP purchased a new stake in Hasbro in the third quarter worth $37,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group raised their price target on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Bank of America raised their price objective on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. BNP Paribas Exane raised their price objective on shares of Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Stock Performance

Shares of HAS opened at $84.96 on Wednesday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a one year low of $67.11 and a one year high of $106.98. The company has a 50-day simple moving average of $90.85 and a two-hundred day simple moving average of $90.33. The firm has a market capitalization of $12.02 billion, a PE ratio of -51.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, analysts anticipate that Hasbro, Inc. will post 6.01 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.