Hasbro, Inc. (NASDAQ:HAS) Short Interest Up 6.7% in October

by · The Cerbat Gem

Hasbro, Inc. (NASDAQ:HAS – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,480,000 shares, an increase of 6.7% from the September 30th total of 3,260,000 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in Hasbro during the 1st quarter valued at approximately $82,523,000. Samlyn Capital LLC raised its holdings in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the last quarter. AQR Capital Management LLC lifted its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the period. Smith Group Asset Management LLC purchased a new stake in Hasbro in the third quarter valued at $32,032,000. Finally, SG Americas Securities LLC grew its position in Hasbro by 4,052.6% during the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after purchasing an additional 281,454 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus upped their target price on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Two investment 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 has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Get Our Latest Report on HAS

Hasbro Stock Down 1.5 %

Shares of Hasbro stock traded down $1.02 on Thursday, reaching $65.63. The stock had a trading volume of 1,132,457 shares, compared to its average volume of 1,636,503. 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 stock has a market capitalization of $9.14 billion, a P/E ratio of -6.47, a P/E/G ratio of 0.53 and a beta of 0.61. The company has a 50 day moving average price of $69.80 and a 200 day moving average price of $63.86. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS – Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.64 EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Hasbro will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Hasbro Company Profile

(Get Free Report)

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.

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