Dimensional Fund Advisors LP Acquires 227,477 Shares of Hasbro, Inc. $HAS

Key Points

• Dimensional Fund Advisors LP has increased its holdings in Hasbro, Inc. by 11.0%, now owning approximately 1.63% of the company's stock, valued at around $140.65 million.
• Several hedge funds have made changes to their positions in Hasbro, with 91.83% of the stock now held by institutional investors.
• Hasbro announced a quarterly dividend of $0.70 per share, which corresponds to an annualized dividend yield of 3.5%.

Dimensional Fund Advisors LP grew its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,287,647 shares of the company's stock after purchasing an additional 227,477 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.63% of Hasbro worth $140,652,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Commerce Bank raised its stake in Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock valued at $813,000 after buying an additional 171 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock worth $91,000 after purchasing an additional 205 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Hasbro by 0.9% in the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company's stock worth $1,708,000 after purchasing an additional 247 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Performance

NASDAQ:HAS traded up $0.3510 during mid-day trading on Tuesday, hitting $81.4110. 129,238 shares of the company traded hands, compared to its average volume of 2,024,856. The stock's fifty day moving average price is $76.16 and its 200-day moving average price is $66.80. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.05. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of -20.04, a price-to-earnings-growth ratio of 1.06 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $891.82 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. Hasbro's revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share 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 3.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's payout ratio is currently -68.97%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HAS shares. DA Davidson lifted their target price on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America lifted their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Roth Capital lifted their target price on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their target price on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. 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, Hasbro currently has an average rating of "Moderate Buy" and a consensus price target of $86.42.

Insider Activity

In other news, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the transaction, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.85% of the company's stock.

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.