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

Interval Partners LP increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 470,804 shares of the company’s stock after purchasing an additional 115,976 shares during the quarter. Interval Partners LP owned approximately 0.34% of Hasbro worth $38,606,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro in the 4th quarter worth $27,000. CYBER HORNET ETFs LLC bought a new position in Hasbro in the 2nd quarter worth $25,000. MUFG Securities EMEA plc bought a new position in Hasbro in the 2nd quarter worth $28,000. Foster Dykema Cabot & Partners LLC bought a new position in Hasbro in the 3rd quarter worth $34,000. Finally, Wexford Capital LP bought a new position in Hasbro in the 3rd quarter worth $37,000. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

NASDAQ:HAS opened at $83.47 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The business’s 50-day simple moving average is $90.72 and its two-hundred day simple moving average is $90.34. The stock has a market cap of $11.81 billion, a PE ratio of -50.28, a P/E/G ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a 52 week low of $67.11 and a 52 week high of $106.98.

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

Hasbro Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Argus set a $105.00 target price on Hasbro in a report on Friday, March 13th. Bank of America raised their price target on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Citigroup decreased their price target on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Company 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.