Hasbro, Inc. $HAS Stock Position Increased by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 155.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306,494 shares of the company’s stock after buying an additional 186,689 shares during the period. Engineers Gate Manager LP’s holdings in Hasbro were worth $25,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Hasbro by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 744,270 shares of the company’s stock worth $56,455,000 after acquiring an additional 147,227 shares during the last quarter. Dorato Capital Management acquired a new position in shares of Hasbro in the 4th quarter worth $1,804,000. Crossmark Global Holdings Inc. grew its holdings in shares of Hasbro by 186.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,395 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,225 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Hasbro by 187.1% in the 3rd quarter. Aberdeen Group plc now owns 23,161 shares of the company’s stock worth $1,757,000 after acquiring an additional 15,095 shares during the last quarter. Finally, Howard Capital Management Inc. acquired a new position in shares of Hasbro in the 4th quarter worth $964,000. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HAS shares. DA Davidson restated a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Argus set a $105.00 price target on Hasbro in a report on Friday, March 13th. UBS Group boosted their target price on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eleven 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Stock Performance

HAS opened at $83.47 on Thursday. Hasbro, Inc. has a 52-week low of $67.11 and a 52-week high of $106.98. The company has a market cap of $11.81 billion, a PE ratio of -50.28, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a 50-day moving average of $90.72 and a 200-day moving average of $90.34.

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

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

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.