Man Group plc Has $9.90 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Man Group plc increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 46.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 177,129 shares of the company’s stock after acquiring an additional 55,811 shares during the quarter. Man Group plc’s holdings in Hasbro were worth $9,903,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HAS. Pacer Advisors Inc. raised its holdings in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after acquiring an additional 2,427,299 shares in the last quarter. Norges Bank acquired a new position in Hasbro in the 4th quarter valued at approximately $96,359,000. Invesco Ltd. raised its holdings in Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after acquiring an additional 701,660 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock valued at $147,791,000 after acquiring an additional 507,054 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HAS. Citigroup raised Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, April 25th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. StockNews.com lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.89.

Hasbro Stock Up 1.1%

NASDAQ HAS opened at $67.21 on Monday. The firm has a market cap of $9.42 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The stock’s 50 day simple moving average is $58.74 and its 200 day simple moving average is $60.31. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.61 EPS. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a $0.70 dividend. 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 payout ratio is 92.41%.

Hasbro Company Profile

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.