Vinva Investment Management Ltd Invests $642,000 in Hasbro, Inc. $HAS

Vinva Investment Management Ltd bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, HoldingsChannel.com reports. The fund bought 8,694 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors also recently added to or reduced their stakes in HAS. Nuveen LLC acquired a new position in shares of Hasbro in the 1st quarter worth approximately $30,347,000. Beck Bode LLC bought a new stake in Hasbro in the second quarter valued at $19,344,000. Envestnet Asset Management Inc. raised its stake in Hasbro by 53.3% during the second quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock worth $50,352,000 after acquiring an additional 237,185 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after acquiring an additional 227,477 shares during the period. Finally, Samlyn Capital LLC boosted its stake in shares of Hasbro by 22.7% in the 1st quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock valued at $58,454,000 after purchasing an additional 176,175 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 0.1%

Shares of Hasbro stock opened at $82.62 on Friday. The business has a fifty day simple moving average of $76.57 and a 200 day simple moving average of $75.09. The stock has a market cap of $11.59 billion, a PE ratio of -20.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $83.40.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. Research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro’s payout ratio is currently -69.83%.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent analyst reports. Monness Crespi & Hardt increased their target price on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Hasbro from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Citigroup raised their price target on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Bank of America increased their target price on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $89.33.

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.