Jupiter Asset Management Ltd. Acquires New Shares in Hasbro, Inc. (NASDAQ:HAS)

Jupiter Asset Management Ltd. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, Holdings Channel reports. The fund acquired 243,978 shares of the company’s stock, valued at approximately $13,641,000.

Several other large investors have also bought and sold shares of the business. Wealthfront Advisers LLC acquired a new stake in Hasbro in the fourth quarter valued at about $534,000. Daiwa Securities Group Inc. boosted its stake in Hasbro by 42.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 27,462 shares of the company’s stock valued at $1,536,000 after buying an additional 8,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hasbro by 16.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,479 shares of the company’s stock valued at $1,816,000 after purchasing an additional 4,653 shares during the last quarter. CM Management LLC bought a new position in Hasbro in the fourth quarter valued at about $1,118,000. Finally, Amundi raised its position in Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after purchasing an additional 423,249 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the subject of several research reports. Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Price Performance

Shares of HAS opened at $61.86 on Thursday. Hasbro, Inc. has a 1 year low of $52.47 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The business has a 50-day moving average of $60.31 and a 200-day moving average of $64.14.

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

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. Hasbro’s payout ratio is currently 101.82%.

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.