Opal Capital LLC Makes New Investment in Hasbro, Inc. $HAS

Opal Capital LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,534 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds also recently made changes to their positions in the business. Dorato Capital Management acquired a new position in shares of Hasbro during the 4th quarter worth about $1,804,000. Howard Capital Management Inc. acquired a new stake in shares of Hasbro in the fourth quarter valued at about $964,000. Nomura Asset Management Co. Ltd. raised its holdings in Hasbro by 734.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after acquiring an additional 29,735 shares in the last quarter. OFI Invest Asset Management acquired a new position in Hasbro during the fourth quarter valued at approximately $9,758,000. Finally, Oak Thistle LLC acquired a new position in Hasbro during the fourth quarter valued at approximately $1,140,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $96.34 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $13.63 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.66 and a beta of 0.49. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The stock has a 50 day moving average of $84.14 and a 200-day moving average of $90.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities research analysts predict that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HAS shares. UBS Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Hasbro in a research report on Monday. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company dropped their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, DA Davidson lowered their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.07.

About Hasbro

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.