Epoch Investment Partners Inc. Has $95.28 Million Position in Hasbro, Inc. $HAS

Epoch Investment Partners Inc. lowered its holdings in Hasbro, Inc. (NASDAQ:HASFree Report) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,161,895 shares of the company’s stock after selling 54,548 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Hasbro were worth $95,275,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HAS. Ariadne Wealth Management LP bought a new stake in shares of Hasbro in the 4th quarter worth $175,000. Kestra Advisory Services LLC grew its stake in shares of Hasbro by 24.1% in the 4th quarter. Kestra Advisory Services LLC now owns 7,148 shares of the company’s stock worth $586,000 after acquiring an additional 1,389 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Hasbro by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 99,215 shares of the company’s stock worth $8,136,000 after acquiring an additional 335 shares in the last quarter. Quarry LP grew its stake in shares of Hasbro by 13.2% in the 4th quarter. Quarry LP now owns 5,040 shares of the company’s stock worth $413,000 after acquiring an additional 588 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Hasbro by 6.7% in the 4th quarter. Neuberger Berman Group LLC now owns 19,598 shares of the company’s stock worth $1,607,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Bank of America upped their target price on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reduced their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Check Out Our Latest Stock Report on Hasbro

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

Hasbro Price Performance

HAS opened at $83.90 on Friday. The firm has a market cap of $11.87 billion, a P/E ratio of -50.54, a PEG ratio of 2.05 and a beta of 0.48. The firm has a 50-day moving average of $91.06 and a 200 day moving average of $90.21. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro, Inc. has a fifty-two week low of $67.11 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HASGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, research analysts expect that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a dividend of $0.70 per share. The ex-dividend date was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s dividend payout ratio is presently -168.67%.

Hasbro Profile

(Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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