Interval Partners LP Purchases 115,976 Shares of Hasbro, Inc. $HAS

Interval Partners LP lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 32.7% during the 4th quarter, HoldingsChannel reports. The firm owned 470,804 shares of the company’s stock after acquiring an additional 115,976 shares during the quarter. Interval Partners LP’s holdings in Hasbro were worth $38,606,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after purchasing an additional 114 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Hasbro by 3.9% in the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after purchasing an additional 137 shares during the last quarter. United Capital Financial Advisors LLC increased its holdings in shares of Hasbro by 2.2% in the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Hasbro by 2.9% in the fourth quarter. Federated Hermes Inc. now owns 5,159 shares of the company’s stock worth $423,000 after purchasing an additional 147 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HAS has been the topic of several research reports. Bank of America lifted their target price on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. BNP Paribas Exane lifted their price target on Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Morgan Stanley lifted their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Hasbro Trading Down 1.8%

HAS opened at $83.47 on Thursday. The firm has a market cap of $11.81 billion, a P/E ratio of -50.28, a P/E/G ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a 12 month low of $67.11 and a 12 month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The stock has a 50-day moving average of $90.72 and a 200 day moving average of $90.34.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. As a group, research analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s payout ratio is -168.67%.

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.