DoubleLine ETF Adviser LP Takes Position in Hasbro, Inc. (NASDAQ:HAS)

DoubleLine ETF Adviser LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, Holdings Channel reports. The fund bought 3,444 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Capital Research Global Investors boosted its stake in shares of Hasbro by 27.0% in the fourth 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 period. Swedbank AB purchased a new position in shares of Hasbro in the first quarter valued at $82,523,000. Samlyn Capital LLC boosted its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares during the period. AQR Capital Management LLC boosted its stake in Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after acquiring an additional 565,645 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Hasbro by 4,052.6% during the 1st 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 during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Up 1.1 %

Shares of NASDAQ:HAS opened at $71.99 on Friday. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of -7.10, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $72.41. The company’s fifty day moving average is $66.14 and its two-hundred day moving average is $61.13. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

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

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.89%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of 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 objective on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America increased their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, DA Davidson reiterated a “neutral” rating and set a $59.00 price objective on shares of Hasbro 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.