AQR Capital Management LLC Raises Stock Position in Hasbro, Inc. $HAS

Key Points

• AQR Capital Management LLC increased its position in Hasbro, Inc. by 9.7% in Q1, holding 1,154,808 shares valued at approximately $69.84 million.
• CEO Christian P. Cocks sold 27,800 shares of Hasbro stock, reducing his holding by 10.01% and demonstrating insider selling activity.
• JPMorgan Chase upgraded Hasbro's price target from $75.00 to $94.00, reflecting positive sentiment among analysts, with most rating the stock as a "Buy".

AQR Capital Management LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,154,808 shares of the company's stock after acquiring an additional 101,845 shares during the period. AQR Capital Management LLC owned approximately 0.82% of Hasbro worth $69,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new position in shares of Hasbro in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. lifted its position in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares during the last quarter. Allworth Financial LP boosted its stake in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after buying an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after buying an additional 186 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Hasbro by 299.0% in the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after acquiring an additional 855 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Down 0.9%

HAS traded down $0.72 on Tuesday, hitting $78.64. 1,143,665 shares of the company were exchanged, compared to its average volume of 1,998,402. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The company has a market cap of $11.03 billion, a price-to-earnings ratio of -19.37, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The firm has a 50-day moving average price of $78.17 and a two-hundred day moving average price of $68.16. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last announced 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 business had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. During the same period in the previous year, the company posted $1.22 earnings per share. The business's revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Insider Transactions at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,359 shares of company stock valued at $2,970,828. Insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HAS shares. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup boosted their target price on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson raised their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Morgan Stanley raised their target price on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.42.

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.