Intech Investment Management LLC Purchases 6,923 Shares of Hasbro, Inc. $HAS

Intech Investment Management LLC grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,950 shares of the company’s stock after purchasing an additional 6,923 shares during the period. Intech Investment Management LLC’s holdings in Hasbro were worth $3,112,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HAS. Vanguard Group Inc. lifted its stake in shares of Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after acquiring an additional 453,038 shares during the last quarter. State Street Corp lifted its stake in shares of Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hasbro by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after acquiring an additional 122,592 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Hasbro by 21.9% in the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after acquiring an additional 651,790 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Hasbro by 30.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock valued at $224,338,000 after acquiring an additional 697,836 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.4%

HAS stock opened at $83.88 on Wednesday. Hasbro, Inc. has a fifty-two week low of $64.85 and a fifty-two week high of $106.98. The business’s 50 day moving average price is $92.39 and its two-hundred day moving average price is $89.91. 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 company has a market capitalization of $11.87 billion, a price-to-earnings ratio of -50.53, a price-to-earnings-growth ratio of 2.10 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s dividend payout ratio is -168.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HAS shares. Wolfe Research boosted their target price on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lowered their target price on Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Finally, Morgan Stanley boosted their target price on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

About Hasbro

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.