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Highlights
International Assets Investment Management LLC significantly increased its position in Hasbro, Inc. during the third quarter.
Recent research reports show an optimistic outlook for Hasbro, with multiple analysts raising their price forecasts.
Hasbro announced a quarterly dividend, reflecting its ongoing commitment to returning value to shareholders.
International Assets Investment Management LLC has notably raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 7,141.6% during the third quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. The firm now owns 56,629 shares of Hasbro, having acquired an additional 55,847 shares over the quarter. By the end of this period, the holdings in Hasbro were valued at approximately $40.95 million.
In addition to International Assets, several other institutional investors have adjusted their positions in Hasbro. Notably, Brookstone Capital Management established a new stake in Hasbro in the first quarter, while Albion Financial Group UT and Leeward Investments LLC MA increased their respective holdings. Institutional ownership now represents approximately 91.83% of Hasbro’s outstanding shares.
Recent research reports have highlighted a positive sentiment toward Hasbro, with analysts upgrading their price projections. Jefferies Financial Group raised its price forecast from $75 to $83, assigning a “buy” rating. Similarly, JPMorgan Chase & Co. and Morgan Stanley have also raised their price objectives, indicating strong confidence in the company’s future performance. Currently, Hasbro has received three hold ratings and eight buy ratings, resulting in an average rating of "Moderate Buy" and an average price forecast of approximately $77.80.
Hasbro recently announced its quarterly earnings, revealing earnings per share (EPS) of $1.73, surpassing analysts' consensus estimates. Revenue for the quarter amounted to $1.28 billion, slightly below projections. Despite a year-over-year revenue decline, the company reported a positive return on equity of 38.83%.
Additionally, Hasbro declared a quarterly dividend of $0.70 per share, scheduled for payment on December 4. This dividend underscores the company’s strategy to maintain shareholder value amidst fluctuating market conditions.
