Hasbro, Inc. (NASDAQ:HAS) Short Interest Update

Hasbro, Inc. (NASDAQ:HAS) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,400,000 shares, a growth of 18.4% from the February 13th total of 4,560,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 3.3 days. Approximately 4.1% of the company’s shares are sold short.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $60.38 on Friday. The firm has a market cap of $8.42 billion, a PE ratio of 21.96, a PEG ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 1-year low of $54.05 and a 1-year high of $73.46. The company has a fifty day moving average price of $60.69 and a 200 day moving average price of $63.83.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Research analysts predict that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.64%. Hasbro’s dividend payout ratio is 101.82%.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently modified their holdings of HAS. Parvin Asset Management LLC acquired a new position in shares of Hasbro during the 4th quarter worth about $25,000. Allworth Financial LP raised its holdings in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC bought a new stake in shares of Hasbro in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hasbro in the 3rd quarter valued at about $40,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro in the 4th quarter valued at about $43,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, DA Davidson boosted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.