Hasbro, Inc. $HAS Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,634,857 shares of the company’s stock after acquiring an additional 346,637 shares during the quarter. Marshall Wace LLP owned 1.88% of Hasbro worth $194,505,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Epoch Investment Partners Inc. raised its holdings in Hasbro by 14.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,280,168 shares of the company’s stock worth $94,502,000 after buying an additional 162,201 shares during the period. Guggenheim Capital LLC lifted its position in shares of Hasbro by 44.0% in the 2nd quarter. Guggenheim Capital LLC now owns 25,414 shares of the company’s stock valued at $1,876,000 after acquiring an additional 7,766 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hasbro by 283.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,664 shares of the company’s stock valued at $344,000 after acquiring an additional 3,448 shares in the last quarter. Alpha Family Trust acquired a new position in Hasbro in the 2nd quarter worth approximately $248,000. Finally, Panagora Asset Management Inc. grew its position in Hasbro by 605.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 109,584 shares of the company’s stock worth $8,089,000 after purchasing an additional 94,052 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAS. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. The Goldman Sachs Group increased their price objective on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wall Street Zen upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Roth Capital set a $96.00 target price on Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Citigroup increased their price target on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.33.

Insider Activity

In related news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.85% of the company’s stock.

Hasbro Stock Down 0.8%

HAS opened at $81.85 on Friday. The company has a market capitalization of $11.49 billion, a PE ratio of -20.41, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $83.45. The business has a 50-day moving average of $77.16 and a 200-day moving average of $75.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s payout ratio is presently -69.83%.

Hasbro Company Profile

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.