Fox Run Management L.L.C. Increases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Fox Run Management L.L.C. increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 523.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,457 shares of the company’s stock after buying an additional 27,249 shares during the quarter. Hasbro comprises 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 25th biggest holding. Fox Run Management L.L.C.’s holdings in Hasbro were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after purchasing an additional 8,270 shares during the last quarter. American Trust purchased a new stake in shares of Hasbro in the third quarter valued at about $634,000. Larson Financial Group LLC boosted its stake in shares of Hasbro by 33.9% during the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after buying an additional 799 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares during the last quarter. Finally, Capital Wealth Management LLC acquired a new position in Hasbro in the 4th quarter valued at about $496,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $60.57 on Friday. Hasbro, Inc. has a 1-year low of $54.05 and a 1-year high of $73.46. The company has a market capitalization of $8.45 billion, a P/E ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. The business has a 50 day moving average price of $60.76 and a 200 day moving average price of $63.78. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HAS shares. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro 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.