Cwm LLC Purchases 517 Shares of Hasbro, Inc. (NASDAQ:HAS)

Cwm LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,910 shares of the company’s stock after buying an additional 517 shares during the quarter. Cwm LLC’s holdings in Hasbro were worth $97,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Studio Investment Management LLC purchased a new stake in Hasbro in the 3rd quarter valued at about $26,000. ING Groep NV purchased a new stake in shares of Hasbro in the third quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in Hasbro in the third quarter worth approximately $37,000. Harvest Fund Management Co. Ltd purchased a new position in Hasbro during the 3rd quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after purchasing an additional 456 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HAS shares. Monness Crespi & Hardt increased their price target on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Stifel Nicolaus raised their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, Roth Mkm upped their target price on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.36.

Hasbro Price Performance

Shares of HAS stock opened at $61.16 on Wednesday. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of -6.03, a PEG ratio of 0.99 and a beta of 0.67. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The stock’s 50-day simple moving average is $56.05 and its 200-day simple moving average is $51.31. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the business posted $0.01 EPS. Hasbro’s revenue for the quarter was down 24.3% compared to the same quarter last year. As a group, equities analysts forecast that Hasbro, Inc. will post 3.61 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 4.58%. Hasbro’s payout ratio is presently -27.61%.

Hasbro 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.