Vanguard Personalized Indexing Management LLC Purchases 2,845 Shares of Hasbro, Inc. (NASDAQ:HAS)

Vanguard Personalized Indexing Management LLC lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 9.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,888 shares of the company’s stock after purchasing an additional 2,845 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Hasbro were worth $1,924,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HAS. Capital Research Global Investors raised its position in Hasbro by 27.0% in 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 purchased a new position in shares of Hasbro in the first quarter worth about $82,523,000. Norges Bank bought a new stake in shares of Hasbro in the 4th quarter valued at about $70,544,000. Dimensional Fund Advisors LP boosted its holdings in Hasbro by 26.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock valued at $73,593,000 after acquiring an additional 300,420 shares during the period. Finally, SG Americas Securities LLC grew its position in 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 acquiring an additional 281,454 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 0.8 %

HAS opened at $71.21 on Friday. The stock has a market cap of $9.91 billion, a PE ratio of -7.02, a PEG ratio of 0.52 and a beta of 0.61. The business has a 50 day moving average of $65.49 and a 200-day moving average of $60.71. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.25. 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 (NASDAQ:HAS) last announced its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Equities research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio is -27.61%.

Wall Street Analyst Weigh In

Several analysts have weighed in on HAS shares. Morgan Stanley increased their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. DA Davidson restated 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 increased their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.