Choreo LLC Purchases New Shares in Hasbro, Inc. (NASDAQ:HAS)

Choreo LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,060 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors have also made changes to their positions in the business. Capital Research Global Investors raised its holdings in 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 last quarter. Swedbank AB bought a new stake in Hasbro during the 1st quarter worth about $82,523,000. Norges Bank acquired a new position in shares of Hasbro during the 4th quarter worth about $70,544,000. Dimensional Fund Advisors LP grew its position in shares of Hasbro by 26.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock worth $73,593,000 after buying an additional 300,420 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Hasbro by 4,052.6% during the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after buying an additional 281,454 shares during the period. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson restated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $80.00 in a research report on Friday, June 14th. Stifel Nicolaus boosted their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Hasbro Stock Up 2.1 %

Shares of NASDAQ:HAS opened at $68.73 on Monday. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of -6.78, a PEG ratio of 0.52 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. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $69.61. The business’s 50 day moving average is $64.18 and its 200 day moving average is $60.06.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. The business had revenue of $995.30 million for 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%. Hasbro’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) 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.