AQR Capital Management LLC Sells 289,349 Shares of Hasbro, Inc. (NASDAQ:HAS)

AQR Capital Management LLC lessened its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,052,963 shares of the company's stock after selling 289,349 shares during the period. AQR Capital Management LLC owned about 0.75% of Hasbro worth $58,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commerce Bank grew its position in Hasbro by 1.2% in the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares during the period. Keybank National Association OH increased its position in Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after acquiring an additional 180 shares during the last quarter. Blair William & Co. IL increased its position in Hasbro by 1.0% during the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after acquiring an additional 192 shares during the last quarter. Principal Securities Inc. boosted its position in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after purchasing an additional 208 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock valued at $225,000 after purchasing an additional 210 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Hasbro stock traded down $0.22 during mid-day trading on Tuesday, reaching $60.97. 996,766 shares of the company's stock traded hands, compared to its average volume of 1,678,673. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock has a 50 day moving average of $58.71 and a two-hundred day moving average of $60.55. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the previous year, the business earned $0.61 EPS. Hasbro's revenue was up 17.1% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.59%. Hasbro's payout ratio is currently 92.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HAS shares. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson raised Hasbro to a "hold" rating in a research report on Monday, April 14th. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Friday, April 25th. Roth Mkm lifted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of "Moderate Buy" and an average price target of $79.89.

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.