Marshall Wace LLP Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Marshall Wace LLP lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,268,168 shares of the company’s stock after selling 236,763 shares during the quarter. Marshall Wace LLP owned 1.63% of Hasbro worth $132,688,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its position in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Hasbro during the 2nd quarter worth approximately $27,000. Asset Dedication LLC grew its holdings in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Optiver Holding B.V. purchased a new position in Hasbro in the 4th quarter valued at approximately $36,000. Finally, Neo Ivy Capital Management purchased a new stake in Hasbro during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hasbro Trading Up 0.4 %

NASDAQ HAS opened at $71.47 on Tuesday. The company has a market cap of $9.95 billion, a P/E ratio of -7.05, a P/E/G ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $72.26. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The company has a 50-day moving average of $65.73 and a 200-day moving average of $60.92.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. As a group, equities analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

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

About Hasbro

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.