Hasbro, Inc. (NASDAQ:HAS) Holdings Raised by Samlyn Capital LLC

Samlyn Capital LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 87.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,833,374 shares of the company’s stock after purchasing an additional 855,099 shares during the quarter. Hasbro comprises about 1.8% of Samlyn Capital LLC’s investment portfolio, making the stock its 21st biggest position. Samlyn Capital LLC owned approximately 1.32% of Hasbro worth $107,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC raised its holdings in Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the period. Plato Investment Management Ltd bought a new position in Hasbro during the second quarter valued at about $27,000. Asset Dedication LLC increased its stake in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the period. Optiver Holding B.V. bought a new position in Hasbro during the fourth quarter valued at about $36,000. Finally, Neo Ivy Capital Management bought a new position in Hasbro during the fourth quarter valued at about $45,000. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of several research reports. Morgan Stanley boosted their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Bank of America boosted their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson restated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.55.

Hasbro Stock Performance

HAS stock opened at $71.47 on Tuesday. The business’s fifty day moving average is $65.73 and its 200-day moving average is $60.92. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The company has a market cap of $9.95 billion, a P/E ratio of -7.05, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $72.26.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. The business had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Hasbro Company 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.