Xponance Inc. Has $1.63 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Xponance Inc. grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,008 shares of the company’s stock after buying an additional 1,262 shares during the period. Xponance Inc.’s holdings in Hasbro were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Treasurer of the State of North Carolina increased its stake in shares of Hasbro by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock valued at $3,905,000 after buying an additional 220 shares during the period. CWM LLC increased its stake in shares of Hasbro by 19.2% in the third quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $92,000 after buying an additional 224 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Hasbro by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after buying an additional 246 shares during the period. Arizona State Retirement System increased its stake in shares of Hasbro by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock valued at $1,850,000 after buying an additional 300 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Hasbro in the third quarter valued at about $26,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several recent research reports. Roth Mkm increased their price target on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. upped their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Jefferies Financial Group upped their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Finally, Bank of America upped their target price on Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hasbro presently has an average rating of “Hold” and an average target price of $62.80.

Hasbro Stock Up 4.0 %

Shares of NASDAQ:HAS opened at $58.14 on Wednesday. The business’s 50 day simple moving average is $53.64 and its two-hundred day simple moving average is $50.95. The firm has a market cap of $8.07 billion, a P/E ratio of -5.42, a PEG ratio of 0.96 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm’s revenue was down 23.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 3.27 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

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.