Teza Capital Management LLC Buys 31,188 Shares of Hasbro, Inc. (NASDAQ:HAS)

Teza Capital Management LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 110.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,503 shares of the company's stock after buying an additional 31,188 shares during the period. Teza Capital Management LLC's holdings in Hasbro were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HAS. Pacer Advisors Inc. raised its position in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Kovitz Investment Group Partners LLC raised its position 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 worth $178,960,000 after acquiring an additional 2,427,299 shares during the period. Norges Bank bought a new stake in Hasbro in the fourth quarter worth about $96,359,000. Invesco Ltd. raised its position in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after acquiring an additional 701,660 shares during the period. Finally, Marshall Wace LLP raised its position in Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after acquiring an additional 507,054 shares during the period. 91.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.89.

Hasbro Price Performance

Shares of HAS traded down $2.08 during midday trading on Wednesday, hitting $66.28. 1,626,821 shares of the company traded hands, compared to its average volume of 1,726,578. The stock has a 50-day moving average of $59.05 and a 200-day moving average of $60.39. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The firm has a market cap of $9.29 billion, a P/E ratio of 24.10, a PEG ratio of 0.60 and a beta of 0.54. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company's revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio is presently 92.41%.

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.