Eurizon Capital SGR S.p.A. Invests $863,000 in Hasbro, Inc. $HAS

Eurizon Capital SGR S.p.A. bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,504 shares of the company’s stock, valued at approximately $863,000.

Other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth about $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the 2nd quarter worth about $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro during the 3rd quarter worth about $34,000. Wexford Capital LP purchased a new stake in shares of Hasbro during the 3rd quarter worth about $37,000. Finally, Leonteq Securities AG purchased a new stake in shares of Hasbro during the 4th quarter worth about $49,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HAS. Roth Mkm set a $120.00 price target on shares of Hasbro in a research report on Wednesday, February 11th. BNP Paribas Exane upped their price target on shares of Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Monness Crespi & Hardt upped their price target on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group upped their price target on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company reduced their price target on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $113.64.

Hasbro Stock Up 0.3%

HAS opened at $84.13 on Thursday. Hasbro, Inc. has a twelve month low of $64.91 and a twelve month high of $106.98. 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 company has a 50-day moving average price of $92.07 and a 200 day moving average price of $89.98. The company has a market cap of $11.90 billion, a PE ratio of -50.68, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Sell-side analysts expect that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. Hasbro’s dividend payout ratio is presently -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.