Oddo BHF Asset Management Sas Makes New Investment in Hasbro, Inc. $HAS

Oddo BHF Asset Management Sas bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,091 shares of the company’s stock, valued at approximately $1,155,000.

Other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro during the fourth quarter worth $27,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the second quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro during the third quarter worth $34,000. Finally, Wexford Capital LP purchased a new stake in shares of Hasbro during the third quarter worth $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $84.96 on Wednesday. The company has a 50-day simple moving average of $90.85 and a two-hundred day simple moving average of $90.33. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. Hasbro, Inc. has a 12-month low of $67.11 and a 12-month high of $106.98. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of -51.18, a PEG ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio is presently -168.67%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAS. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Morgan Stanley upped their price target on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Argus set a $105.00 price target on shares of Hasbro in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.