Vanguard Group Inc. Boosts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Vanguard Group Inc. has increased its stake in Hasbro, Inc. by 0.6%, holding approximately 11.77% of the company, which amounts to over $1 billion in value.
• Hasbro recently reported earnings per share of $1.30, significantly beating analysts' expectations of $0.78, despite a 1.5% year-over-year decline in revenue.
• The company has declared a quarterly dividend of $0.70, translating to an annualized yield of 3.6%, with a negative payout ratio currently at -68.97%.

Vanguard Group Inc. grew its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,464,038 shares of the company's stock after acquiring an additional 105,624 shares during the quarter. Vanguard Group Inc. owned 11.77% of Hasbro worth $1,012,374,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in Hasbro by 3.9% in the first quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock valued at $1,754,000 after acquiring an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after buying an additional 2,866 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after buying an additional 6,225 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock worth $785,000 after buying an additional 931 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Hasbro during the 1st quarter worth approximately $306,000. Institutional investors own 91.83% of the company's stock.

Hasbro Trading Up 2.6%

HAS traded up $2.07 during trading on Wednesday, hitting $80.32. 3,413,260 shares of the stock were exchanged, compared to its average volume of 2,503,362. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $80.42. The firm has a 50 day simple moving average of $74.13 and a 200 day simple moving average of $65.45. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of -19.78, a P/E/G ratio of 1.03 and a beta of 0.60. 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 issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $891.82 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 20th. Hasbro's payout ratio is currently -68.97%.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America increased their price target on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and increased their price target for the stock from $66.00 to $85.00 in a report on Monday, June 30th. Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, UBS Group upped their target price on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.42.

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.