American Century Companies Inc. Grows Stock Position in Hasbro, Inc. (NASDAQ:HAS)

American Century Companies Inc. increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,377 shares of the company’s stock after buying an additional 3,567 shares during the quarter. American Century Companies Inc.’s holdings in Hasbro were worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its position in 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 stake in Hasbro in the first quarter valued at approximately $82,523,000. Cornerstone Investment Partners LLC raised its position in Hasbro by 1.3% in the first quarter. Cornerstone Investment Partners LLC now owns 613,745 shares of the company’s stock valued at $34,689,000 after purchasing an additional 7,617 shares during the period. Natixis Advisors LLC raised its position in Hasbro by 31.7% in the second quarter. Natixis Advisors LLC now owns 445,739 shares of the company’s stock valued at $26,076,000 after purchasing an additional 107,162 shares during the period. Finally, SG Americas Securities LLC raised its position 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 purchasing an additional 281,454 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock 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 firm has a fifty day moving average price of $66.88 and a 200 day moving average price of $61.59. The company has a market cap of $10.07 billion, a P/E ratio of -7.13, a PEG ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $72.79.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. Sell-side analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.87%. Hasbro’s dividend payout ratio is presently -27.61%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. DA Davidson restated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America boosted their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.55.

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.