Lisanti Capital Growth LLC Invests $771,000 in Hasbro, Inc. (NASDAQ:HAS)

Lisanti Capital Growth LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,180 shares of the company’s stock, valued at approximately $771,000.

Several other large investors have also bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of Hasbro by 393.3% in the second quarter. nVerses Capital LLC now owns 7,400 shares of the company’s stock worth $433,000 after purchasing an additional 5,900 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Hasbro in the second quarter worth approximately $2,998,000. Picton Mahoney Asset Management bought a new stake in shares of Hasbro during the 2nd quarter valued at $4,018,000. Van ECK Associates Corp lifted its stake in shares of Hasbro by 87.4% during the 2nd quarter. Van ECK Associates Corp now owns 86,453 shares of the company’s stock valued at $5,058,000 after buying an additional 40,318 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Hasbro by 2.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,747 shares of the company’s stock worth $2,910,000 after buying an additional 1,090 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of Hasbro stock traded up $0.13 during midday trading on Friday, hitting $68.16. The company had a trading volume of 1,240,256 shares, compared to its average volume of 1,094,839. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of -6.72, a PEG ratio of 0.52 and a beta of 0.62. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The company has a fifty day simple moving average of $62.27 and a 200 day simple moving average of $58.73.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue was down 17.7% on a year-over-year basis. As a group, analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.11%. The ex-dividend date is Wednesday, August 21st. Hasbro’s payout ratio is presently -27.61%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson reissued a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus upped their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. UBS Group raised their price target on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Morgan Stanley raised their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.64.

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.