EntryPoint Capital LLC Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

EntryPoint Capital LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,715 shares of the company’s stock, valued at approximately $599,000.

A number of other institutional investors have also made changes to their positions in HAS. Allworth Financial LP raised its position in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC bought a new position in Hasbro in the 3rd quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro during the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the third quarter valued at about $45,000. Finally, Principal Securities Inc. grew its position in shares of Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

NASDAQ:HAS opened at $61.60 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a 50-day moving average price of $60.84 and a 200 day moving average price of $63.68. The firm has a market capitalization of $8.60 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12-month low of $54.05 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Analyst Ratings Changes

HAS has been the subject of several recent analyst reports. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, DA Davidson raised their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

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.