Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Creative Planning

Creative Planning cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,191 shares of the company’s stock after selling 2,859 shares during the quarter. Creative Planning owned about 0.18% of Hasbro worth $14,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares during the period. Swedbank AB acquired a new stake in Hasbro during the 1st quarter worth about $82,523,000. Samlyn Capital LLC grew its position in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares in the last quarter. AQR Capital Management LLC raised its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after buying an additional 565,645 shares during the period. Finally, SG Americas Securities LLC grew its position in Hasbro by 4,052.6% during 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. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley increased their target price on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their price target 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 increased their target price on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $70.55.

Hasbro Stock Performance

NASDAQ HAS opened at $72.32 on Tuesday. The firm has a market cap of $10.07 billion, a P/E ratio of -7.13, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. 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’s 50 day moving average is $66.88 and its 200-day moving average is $61.59. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $72.79.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. Hasbro’s dividend payout ratio is presently -27.61%.

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.