Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Teza Capital Management LLC

Teza Capital Management LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 110.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,503 shares of the company’s stock after buying an additional 31,188 shares during the period. Teza Capital Management LLC’s holdings in Hasbro were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Commerce Bank increased its holdings in shares of Hasbro by 1.2% in the fourth quarter. Commerce Bank now owns 14,540 shares of the company’s stock valued at $813,000 after purchasing an additional 171 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Hasbro by 32.1% in 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 during the period. Keybank National Association OH increased its holdings in shares of Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after purchasing an additional 180 shares during the period. Blair William & Co. IL increased its holdings in shares of Hasbro by 1.0% in the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock valued at $1,081,000 after purchasing an additional 192 shares during the period. Finally, Principal Securities Inc. increased its holdings in shares of Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAS. Roth Mkm increased their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Citigroup raised Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, April 25th. Monness Crespi & Hardt raised Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of Hasbro in a report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.89.

Hasbro Stock Performance

Shares of HAS stock opened at $67.21 on Friday. The company has a market capitalization of $9.42 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.60 and a beta of 0.54. The business’s 50 day moving average is $58.74 and its two-hundred day moving average is $60.35. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. The company had revenue of $887.10 million for 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%. Hasbro’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.17%. Hasbro’s dividend payout ratio is currently 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.