Vanguard Group Inc. Has $1.01 Billion Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Vanguard Group Inc. lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,464,038 shares of the company’s stock after buying an additional 105,624 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Hasbro worth $1,012,374,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HAS. Parvin Asset Management LLC purchased a new position in shares of Hasbro in the fourth quarter worth approximately $25,000. Sentry Investment Management LLC acquired a new stake in shares of Hasbro during the first quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in shares of Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after purchasing an additional 269 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after purchasing an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $43,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.1%

NASDAQ:HAS opened at $77.57 on Tuesday. The stock’s 50 day moving average price is $73.58 and its 200 day moving average price is $65.26. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83. The company has a market capitalization of $10.88 billion, a P/E ratio of -19.11, a P/E/G ratio of 1.02 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, August 20th. Hasbro’s dividend payout ratio (DPR) is -68.97%.

Wall Street Analyst Weigh In

Several analysts recently commented on HAS shares. Morgan Stanley raised their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Roth Capital raised their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $85.00 in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.27.

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.