Hasbro, Inc. (NASDAQ:HAS) Shares Bought by TCW Group Inc.

Key Points

• TCW Group Inc. acquired an additional 5,423 shares of Hasbro, Inc., increasing its total holdings by 30.1% to 23,433 shares, valued at approximately $1.44 million.
• Hasbro reported earnings of $1.30 per share, significantly exceeding analysts' expectations of $0.78, despite experiencing a 1.5% decrease in revenue from the previous year.
• The company announced a quarterly dividend of $0.70 per share, with a dividend yield of 3.67%, to be paid on September 3rd to shareholders recorded by August 20th.

TCW Group Inc. lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 30.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,433 shares of the company's stock after acquiring an additional 5,423 shares during the quarter. TCW Group Inc.'s holdings in Hasbro were worth $1,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its stake in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the period. Norges Bank bought a new stake in Hasbro in the 4th quarter worth approximately $96,359,000. Invesco Ltd. lifted its position in Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after buying an additional 701,660 shares during the last quarter. Marshall Wace LLP increased its stake in Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after purchasing an additional 507,054 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Hasbro in the 4th quarter worth approximately $23,623,000. Institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

HAS has been the topic of several research analyst reports. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Citigroup boosted their target price on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded 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 research report on Monday, June 30th. Finally, DA Davidson upped their price objective on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and an average target price of $86.27.

Hasbro Price Performance

Shares of HAS traded down $0.30 during mid-day trading on Wednesday, hitting $76.00. 1,732,977 shares of the stock were exchanged, compared to its average volume of 2,067,873. The company has a market cap of $10.65 billion, a PE ratio of -18.72, a price-to-earnings-growth ratio of 1.00 and a beta of 0.59. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The firm has a 50-day moving average of $71.74 and a two-hundred day moving average of $64.00. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share 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 company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter in the prior year, the firm posted $1.22 EPS. Hasbro's quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is presently -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.