Creative Planning Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Creative Planning trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 250,191 shares of the company’s stock after selling 2,859 shares during the quarter. Creative Planning’s holdings in Hasbro were worth $14,636,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital Research Global Investors raised its position in Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Swedbank AB purchased a new position in shares of Hasbro during the first quarter valued at approximately $82,523,000. Samlyn Capital LLC raised its holdings in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares in the last quarter. AQR Capital Management LLC lifted its stake in Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after acquiring an additional 281,454 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HAS. Morgan Stanley raised their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. DA Davidson reiterated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Finally, Stifel Nicolaus raised their target price on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Stock Up 0.3 %

Shares of NASDAQ:HAS opened at $72.32 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The stock has a fifty day simple moving average of $66.88 and a two-hundred day simple moving average of $61.59. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $72.79. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of -7.13, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Hasbro’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, research analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -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.