Gotham Asset Management LLC Raises Stake in Hasbro, Inc. $HAS

Gotham Asset Management LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 59.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 530,297 shares of the company’s stock after buying an additional 197,492 shares during the quarter. Gotham Asset Management LLC owned 0.38% of Hasbro worth $43,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Hasbro during the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares during the period. Empowered Funds LLC grew its position in Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP raised its stake in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Hasbro during the 1st quarter valued at about $292,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. BNP Paribas Exane boosted their price target on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Argus set a $105.00 price objective on shares of Hasbro in a research note on Friday, March 13th. Finally, Morgan Stanley boosted their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Hasbro Trading Down 1.8%

Shares of HAS stock opened at $83.47 on Thursday. Hasbro, Inc. has a 1-year low of $67.11 and a 1-year high of $106.98. The company has a market cap of $11.81 billion, a price-to-earnings ratio of -50.28, a PEG ratio of 2.08 and a beta of 0.48. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The stock has a 50 day simple moving average of $90.72 and a 200-day simple moving average of $90.34.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. On average, equities research analysts expect that Hasbro, Inc. will post 6.01 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Hasbro’s payout ratio is currently -168.67%.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.