Charles Schwab Investment Management Inc. Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Charles Schwab Investment Management Inc. boosted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,217,361 shares of the company's stock after acquiring an additional 27,547 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.87% of Hasbro worth $74,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hasbro by 0.6% during the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after buying an additional 105,624 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares during the period. Marshall Wace LLP lifted its holdings in Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after buying an additional 507,054 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hasbro by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,170 shares of the company's stock valued at $115,183,000 after purchasing an additional 165,919 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Hasbro by 22.4% during the fourth quarter. Northern Trust Corp now owns 1,324,552 shares of the company's stock valued at $74,056,000 after purchasing an additional 242,415 shares during the period. Institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HAS. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the company from $66.00 to $85.00 in a report on Monday, June 30th. Bank of America upped their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. DA Davidson increased their target price on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley upped their price target on shares of Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.42.

Hasbro Price Performance

Shares of Hasbro stock traded up $0.59 on Friday, hitting $81.14. 1,498,930 shares of the company traded hands, compared to its average volume of 2,597,188. The firm's 50-day simple moving average is $74.74 and its 200 day simple moving average is $65.76. 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 $11.38 billion, a P/E ratio of -19.99, a P/E/G ratio of 1.04 and a beta of 0.60. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $81.31.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the firm earned $1.22 EPS. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is -68.97%.

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.