Vanguard Group Inc. Increases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Vanguard Group Inc. increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,129,588 shares of the company’s stock after buying an additional 533,737 shares during the quarter. Vanguard Group Inc. owned 11.20% of Hasbro worth $1,493,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in Hasbro by 13.1% during the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after purchasing an additional 1,106,949 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Hasbro by 88.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock valued at $81,408,000 after purchasing an additional 449,569 shares during the last quarter. Veritas Investment Management LLP purchased a new stake in Hasbro during the 2nd quarter valued at about $45,199,000. Russell Investments Group Ltd. grew its stake in Hasbro by 34.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 680,690 shares of the company’s stock valued at $71,953,000 after purchasing an additional 176,224 shares during the last quarter. Finally, Payden & Rygel purchased a new stake in Hasbro during the 2nd quarter valued at about $18,071,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Shares of HAS traded down $3.29 during mid-day trading on Friday, reaching $117.63. The company had a trading volume of 1,919,515 shares, compared to its average volume of 738,097. Hasbro, Inc. has a 52-week low of $76.84 and a 52-week high of $126.87. The company has a quick ratio of 2.11, a current ratio of 2.64 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $15.10 billion, a P/E ratio of 30.55, a PEG ratio of 2.35 and a beta of 1.06. The stock has a 50 day moving average of $113.49 and a two-hundred day moving average of $102.61.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The firm had revenue of $984.54 million for the quarter, compared to the consensus estimate of $958.91 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Hasbro, Inc. will post 4.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.68 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.31%. Hasbro’s payout ratio is 70.65%.

Several analysts have weighed in on HAS shares. DA Davidson reiterated a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. Monness Crespi & Hardt reiterated a “buy” rating and set a $127.00 price target (up previously from $109.00) on shares of Hasbro in a research note on Wednesday, July 24th. Argus upgraded Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, July 26th. Citigroup boosted their price target on Hasbro from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Barclays boosted their price target on Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.77.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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