Wellington Management Group LLP Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

Wellington Management Group LLP boosted its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 27.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,403 shares of the company's stock after purchasing an additional 11,811 shares during the quarter. Wellington Management Group LLP's holdings in Hasbro were worth $3,042,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hasbro during the 4th quarter worth approximately $540,000. Polymer Capital Management US LLC purchased a new stake in shares of Hasbro during the 4th quarter worth approximately $502,000. Jones Financial Companies Lllp raised its holdings in shares of Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after acquiring an additional 2,426 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after acquiring an additional 5,778 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 105,201 shares of the company's stock worth $5,882,000 after acquiring an additional 29,066 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on HAS. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Friday, April 25th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $80.38.

Hasbro Trading Down 0.4%

HAS stock traded down $0.25 during midday trading on Thursday, reaching $65.18. The company's stock had a trading volume of 1,445,380 shares, compared to its average volume of 1,662,797. 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 stock has a fifty day simple moving average of $60.26 and a two-hundred day simple moving average of $60.57. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the firm posted $0.61 earnings per share. The business's revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. Hasbro's dividend payout ratio is currently 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.