Hasbro, Inc. $HAS Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 59.3% in the 4th quarter, Holdings Channel reports. The firm owned 530,297 shares of the company’s stock after purchasing an additional 197,492 shares during the period. Gotham Asset Management LLC’s holdings in Hasbro were worth $43,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HAS. Norges Bank purchased a new stake in shares of Hasbro during the fourth quarter worth $147,748,000. Bank of America Corp DE boosted its position in Hasbro by 128.7% during the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC boosted its position in Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares during the last quarter. Amundi grew its stake in Hasbro by 55.5% during the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after acquiring an additional 501,117 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Hasbro by 45.7% in the 4th quarter. Deutsche Bank AG now owns 1,583,182 shares of the company’s stock valued at $129,821,000 after acquiring an additional 496,337 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 1.8%

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

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Citigroup dropped their target price on Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

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.