Massachusetts Financial Services Co. MA Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Massachusetts Financial Services Co. MA grew its position in Hasbro, Inc. (NASDAQ:HAS) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 804,888 shares of the company’s stock after buying an additional 97,039 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Hasbro were worth $58,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new position in Hasbro in the 1st quarter valued at $82,523,000. Mizuho Securities USA LLC raised its position in shares of Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the last quarter. Samlyn Capital LLC lifted its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after buying an additional 855,099 shares in the last quarter. AQR Capital Management LLC boosted its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in Hasbro during the 3rd quarter valued at about $32,032,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

NASDAQ HAS opened at $62.52 on Monday. The stock has a fifty day simple moving average of $68.43 and a 200-day simple moving average of $64.34. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The stock has a market cap of $8.72 billion, a PE ratio of -13.47, a P/E/G ratio of 0.57 and a beta of 0.63. Hasbro, Inc. has a twelve month low of $44.85 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.48%. Hasbro’s payout ratio is presently -60.34%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus upped their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

About Hasbro

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.