Olympiad Research LP Acquires Shares of 7,569 Hasbro, Inc. (NASDAQ:HAS)

Olympiad Research LP acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,569 shares of the company’s stock, valued at approximately $423,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Morningstar Investment Management LLC boosted its stake in Hasbro by 5.9% during the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after acquiring an additional 258 shares during the last quarter. Ieq Capital LLC lifted its position in shares of Hasbro by 76.4% in the 4th quarter. Ieq Capital LLC now owns 27,917 shares of the company’s stock worth $1,561,000 after buying an additional 12,091 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after buying an additional 210 shares during the last quarter. Cardinal Capital Management lifted its position in shares of Hasbro by 3.6% in the 4th quarter. Cardinal Capital Management now owns 81,102 shares of the company’s stock worth $4,534,000 after buying an additional 2,831 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Hasbro by 2.6% in the 4th quarter. CIBC Asset Management Inc now owns 19,037 shares of the company’s stock worth $1,064,000 after buying an additional 484 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley restated an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday. Finally, Roth Mkm raised their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Stock Down 2.2 %

HAS stock opened at $67.56 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a fifty-two week low of $48.63 and a fifty-two week high of $73.46. The firm’s 50-day simple moving average is $58.42 and its 200 day simple moving average is $64.20. The stock has a market cap of $9.42 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.14%. Hasbro’s payout ratio is 101.82%.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

About Hasbro

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.