Nisa Investment Advisors LLC Grows Position in Hasbro, Inc. (NASDAQ:HAS)

Posted by on Jul 29th, 2023

Nisa Investment Advisors LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 103.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,880 shares of the company’s stock after acquiring an additional 9,608 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $1,014,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its position in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Kinneret Advisory LLC raised its position in shares of Hasbro by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock valued at $545,000 after purchasing an additional 149 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Hasbro by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock valued at $1,680,000 after purchasing an additional 150 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Hasbro by 0.6% in the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after purchasing an additional 155 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Hasbro by 6.6% in the 4th quarter. CENTRAL TRUST Co now owns 2,649 shares of the company’s stock valued at $162,000 after purchasing an additional 164 shares during the last quarter. 80.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HAS shares. Argus decreased their price objective on shares of Hasbro from $80.00 to $70.00 in a research report on Friday, June 16th. Bank of America increased their price objective on shares of Hasbro from $63.00 to $68.00 in a research report on Wednesday, May 17th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Stifel Nicolaus increased their price target on shares of Hasbro from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $80.00 price target on shares of Hasbro in a report on Monday, April 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $75.82.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $62.70 on Friday. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 72.91, a PEG ratio of 5.79 and a beta of 0.76. Hasbro, Inc. has a 12 month low of $45.75 and a 12 month high of $84.19. The firm’s 50 day simple moving average is $62.32 and its 200-day simple moving average is $58.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.96.

Hasbro (NASDAQ:HAS – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $883.06 million. Hasbro had a return on equity of 18.56% and a net margin of 2.11%. Hasbro’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Analysts expect that Hasbro, Inc. will post 4.47 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, July 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.47%. Hasbro’s dividend payout ratio is currently 325.58%.

About Hasbro

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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