Headlands Technologies LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 483.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,518 shares of the company’s stock after purchasing an additional 4,572 shares during the quarter. Headlands Technologies LLC’s holdings in Hasbro were worth $282,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Studio Investment Management LLC acquired a new stake in shares of Hasbro during the 3rd quarter worth about $26,000. ING Groep NV acquired a new stake in shares of Hasbro during the 3rd quarter worth about $29,000. Parkside Financial Bank & Trust increased its position in shares of Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Hasbro during the 3rd quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Hasbro during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 91.83% of the company’s stock.
Hasbro Stock Down 0.8 %
Shares of NASDAQ HAS opened at $64.47 on Friday. The firm has a market capitalization of $8.95 billion, a PE ratio of -6.36, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The firm’s 50-day moving average is $54.43 and its 200-day moving average is $51.12.
Hasbro Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. Hasbro’s dividend payout ratio is -27.61%.
Analyst Ratings Changes
A number of brokerages recently issued reports on HAS. Stifel Nicolaus increased their target price on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. DA Davidson reissued a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Hold” and an average target price of $65.73.
Get Our Latest Stock Analysis on HAS
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.
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