Contravisory Investment Management Inc. Grows Position in Hasbro, Inc. (NASDAQ:HAS)

Contravisory Investment Management Inc. grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 9,547.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,095 shares of the company’s stock after buying an additional 10,980 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Hasbro were worth $802,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HAS. V Square Quantitative Management LLC grew its stake in Hasbro by 49.4% during the fourth quarter. V Square Quantitative Management LLC now owns 5,831 shares of the company’s stock worth $298,000 after buying an additional 1,928 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Hasbro in the fourth quarter valued at $45,000. Royal London Asset Management Ltd. boosted its stake in shares of Hasbro by 4.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 57,423 shares of the company’s stock valued at $2,932,000 after purchasing an additional 2,391 shares during the period. Napatree Capital LLC purchased a new position in shares of Hasbro in the fourth quarter valued at $238,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Hasbro by 16.3% in the first quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock valued at $123,000 after purchasing an additional 305 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.1 %

Hasbro stock opened at $72.34 on Friday. The company has a 50-day simple moving average of $68.25 and a 200-day simple moving average of $62.42. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. The business had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. Hasbro’s dividend payout ratio is presently -37.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HAS shares. DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Bank of America upped their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. Jefferies Financial Group upped their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $72.73.

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.