Hasbro, Inc. $HAS Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 155.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,494 shares of the company’s stock after acquiring an additional 186,689 shares during the quarter. Engineers Gate Manager LP owned 0.22% of Hasbro worth $25,133,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HAS. Norges Bank acquired a new position in shares of Hasbro in the 4th quarter worth approximately $147,748,000. Bank of America Corp DE grew its position in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Amundi boosted its position in Hasbro by 55.5% during the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after purchasing an additional 501,117 shares during the period. Finally, Deutsche Bank AG boosted its position in Hasbro by 45.7% during the 4th quarter. Deutsche Bank AG now owns 1,583,182 shares of the company’s stock valued at $129,821,000 after purchasing an additional 496,337 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 1.8%

Shares of Hasbro stock opened at $83.47 on Thursday. The business’s fifty day moving average price is $90.72 and its two-hundred day moving average price is $90.34. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The company has a market capitalization of $11.81 billion, a P/E ratio of -50.28, a PEG ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a 1-year low of $67.11 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s payout ratio is presently -168.67%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HAS shares. Bank of America boosted their price objective on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley boosted their price objective on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price objective on shares of Hasbro in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Profile

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.