Readystate Asset Management LP Invests $14.19 Million in Hasbro, Inc. $HAS

Readystate Asset Management LP bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 151,602 shares of the company’s stock, valued at approximately $14,190,000.

Several other large investors have also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the second quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro during the fourth quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro during the 2nd quarter worth approximately $28,000. Cedar Mountain Advisors LLC acquired a new stake in Hasbro during the 1st quarter worth approximately $37,000. Finally, Wexford Capital LP bought a new stake in Hasbro in the 3rd quarter valued at $37,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HAS. Wells Fargo & Company lowered their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 9th. Jefferies Financial Group lowered their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.07.

Hasbro Trading Up 6.3%

HAS opened at $96.34 on Wednesday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a 50-day simple moving average of $84.14 and a 200 day simple 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. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.66 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm 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 business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. Analysts predict that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Announces Dividend

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

Hasbro 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.