Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,709 shares of the company's stock after selling 42,109 shares during the quarter. Jennison Associates LLC owned about 0.26% of Hasbro worth $22,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Hasbro in the 4th quarter worth approximately $317,000. Commonwealth Equity Services LLC grew its stake in Hasbro by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 52,652 shares of the company's stock valued at $2,944,000 after purchasing an additional 267 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Hasbro by 14.7% during the 4th quarter. Teacher Retirement System of Texas now owns 27,459 shares of the company's stock worth $1,535,000 after acquiring an additional 3,510 shares during the period. Sciencast Management LP lifted its position in shares of Hasbro by 3.2% during the 4th quarter. Sciencast Management LP now owns 9,700 shares of the company's stock valued at $542,000 after acquiring an additional 298 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Hasbro during the 4th quarter worth $2,903,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and raised their target price for the company from $66.00 to $85.00 in a report on Monday, June 30th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Roth Capital lifted their target price on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Monness Crespi & Hardt increased their price objective on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average target price of $84.73.

Hasbro Trading Down 1.1%

Shares of HAS stock traded down $0.86 during trading hours on Thursday, hitting $75.98. 949,464 shares of the company were exchanged, compared to its average volume of 2,028,738. The firm has a market cap of $10.65 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.10 and a beta of 0.59. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The company has a 50 day simple moving average of $71.09 and a two-hundred day simple moving average of $63.44.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. Hasbro's dividend payout ratio is currently 92.41%.

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.