3,444 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,444 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its holdings in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares in the last quarter. Swedbank AB purchased a new stake in shares of Hasbro in the first quarter valued at about $82,523,000. Samlyn Capital LLC lifted its holdings in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after purchasing an additional 281,454 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $71.99 on Friday. Hasbro, Inc. has a one year low of $42.66 and a one year high of $72.41. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a 50 day moving average price of $66.14 and a 200 day moving average price of $61.13. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of -7.10, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HAS shares. Stifel Nicolaus upped their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report 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. DA Davidson reissued a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Finally, Bank of America boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $70.55.

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.