Opal Capital LLC Makes New Investment in Hasbro, Inc. $HAS

Opal Capital LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,534 shares of the company’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HAS. Huntington National Bank boosted its stake in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after acquiring an additional 114 shares during the last quarter. Personal CFO Solutions LLC increased its stake in Hasbro by 3.9% in the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after purchasing an additional 137 shares in the last quarter. Signaturefd LLC increased its stake in Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares in the last quarter. Severin Investments LLC raised its holdings in Hasbro by 3.1% in the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after purchasing an additional 137 shares during the period. Finally, Root Financial Partners LLC raised its holdings in Hasbro by 21.3% in the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after purchasing an additional 137 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 6.3%

Hasbro stock opened at $96.34 on Wednesday. The company has a 50 day moving average of $84.14 and a 200-day moving average of $90.48. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The stock has a market capitalization of $13.63 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the business posted $1.30 earnings per share. On average, equities research analysts anticipate that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HAS shares. UBS Group reissued a “buy” rating and issued a $120.00 price target on shares of Hasbro in a report on Monday. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Morgan Stanley lifted their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Bank of America reduced their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Finally, Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $109.07.

Hasbro Company Profile

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.