Frank Rimerman Advisors LLC Invests $385,000 in Hasbro, Inc. (NASDAQ:HAS)

Frank Rimerman Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 6,576 shares of the company’s stock, valued at approximately $385,000.

A number of other large investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its stake 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 buying an additional 3,273,563 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Swedbank AB acquired a new stake in Hasbro during the 1st quarter worth $82,523,000. Cornerstone Investment Partners LLC grew its position in Hasbro by 1.3% during the 1st quarter. Cornerstone Investment Partners LLC now owns 613,745 shares of the company’s stock worth $34,689,000 after purchasing an additional 7,617 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake 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. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research reports. Morgan Stanley raised their price target on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus lifted 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. DA Davidson restated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Finally, Bank of America increased their price target on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Stock Up 0.7 %

HAS stock opened at $71.95 on Wednesday. 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 company’s 50-day moving average price is $65.93 and its 200 day moving average price is $61.06. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.26. The company has a market cap of $10.02 billion, a P/E ratio of -7.10, a P/E/G ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 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 business had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. On average, research analysts expect 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. Stockholders of record on Wednesday, August 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio is currently -27.61%.

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.