Victory Capital Management Inc. Has $1.53 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Victory Capital Management Inc. trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,091 shares of the company’s stock after selling 434 shares during the period. Victory Capital Management Inc.’s holdings in Hasbro were worth $1,525,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HAS. Dimensional Fund Advisors LP boosted its stake in Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after acquiring an additional 135,548 shares in the last quarter. Samlyn Capital LLC boosted its position in shares of 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. Swedbank AB bought a new position in shares of Hasbro during the 1st quarter worth about $82,523,000. Point72 Asset Management L.P. grew its stake in shares of Hasbro by 43.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock valued at $41,407,000 after buying an additional 213,664 shares during the period. Finally, AQR Capital Management LLC increased its position in Hasbro by 469.4% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Up 2.9 %

Hasbro stock opened at $64.35 on Tuesday. Hasbro, Inc. has a fifty-two week low of $44.85 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The firm’s 50-day simple moving average is $68.32 and its 200 day simple moving average is $64.37. The stock has a market cap of $8.98 billion, a PE ratio of -13.87, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. Research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HAS shares. Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus increased their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.67.

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.