Quantinno Capital Management LP Trims Position in Hasbro, Inc. (NASDAQ:HAS)

Quantinno Capital Management LP reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,962 shares of the company's stock after selling 4,283 shares during the period. Quantinno Capital Management LP's holdings in Hasbro were worth $1,396,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock valued at $914,599,000 after acquiring an additional 404,527 shares during the last quarter. Geode Capital Management LLC increased its stake in Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after purchasing an additional 59,794 shares during the period. Kovitz Investment Group Partners LLC increased its stake 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 purchasing an additional 2,427,299 shares during the period. Invesco Ltd. increased its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

HAS traded up $1.46 on Tuesday, hitting $67.29. 463,514 shares of the company were exchanged, compared to its average volume of 1,717,371. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The business's fifty day moving average is $59.52 and its 200 day moving average is $60.38. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm has a market capitalization of $9.43 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the business posted $0.61 earnings per share. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, sell-side 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, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Analysts Set New Price Targets

A number of research firms have commented on HAS. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DA Davidson restated a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $81.25.

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.