Sherbrooke Park Advisers LLC Acquires 32,980 Shares of Hasbro, Inc. (NASDAQ:HAS)

Sherbrooke Park Advisers LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1,065.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,074 shares of the company’s stock after buying an additional 32,980 shares during the quarter. Hasbro makes up 0.6% of Sherbrooke Park Advisers LLC’s holdings, making the stock its 2nd biggest holding. Sherbrooke Park Advisers LLC’s holdings in Hasbro were worth $2,017,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Parvin Asset Management LLC acquired a new stake in shares of Hasbro during the fourth quarter valued at about $25,000. Allworth Financial LP boosted its stake in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Hasbro during the fourth quarter valued at about $44,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Hasbro during the fourth quarter worth about $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HAS. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of Hasbro in a research report on Thursday. StockNews.com downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Citigroup upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.89.

Hasbro Stock Performance

Shares of HAS stock opened at $66.47 on Friday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a 50 day moving average of $58.66 and a 200-day moving average of $60.38.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. Hasbro’s dividend payout ratio is 92.41%.

About Hasbro

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.