Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 469.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 686,144 shares of the company’s stock after purchasing an additional 565,645 shares during the period. AQR Capital Management LLC’s holdings in Hasbro were worth $40,037,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares during the period. EverSource Wealth Advisors LLC lifted its position in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after buying an additional 196 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Hasbro by 0.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after buying an additional 288 shares during the period. Finally, Wealth Advisors of Tampa Bay LLC increased its position in shares of Hasbro by 0.6% in the second quarter. Wealth Advisors of Tampa Bay LLC now owns 49,302 shares of the company’s stock worth $2,884,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $72.10 on Friday. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.79. 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 market cap of $10.04 billion, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. The stock has a 50 day moving average of $66.63 and a 200-day moving average of $61.34.

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

Hasbro Announces Dividend

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. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio is currently -27.61%.

Wall Street Analyst Weigh In

HAS has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. Stifel Nicolaus upped their target price on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Morgan Stanley raised their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Bank of America upped 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.