Samlyn Capital LLC Buys 855,099 Shares of Hasbro, Inc. (NASDAQ:HAS)

Samlyn Capital LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 87.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,833,374 shares of the company’s stock after purchasing an additional 855,099 shares during the quarter. Hasbro makes up 1.8% of Samlyn Capital LLC’s holdings, making the stock its 21st largest holding. Samlyn Capital LLC’s holdings in Hasbro were worth $107,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of HAS. Lindbrook Capital LLC grew 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 valued at $26,000 after acquiring an additional 167 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC lifted its stake in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Hasbro in the 4th quarter valued at about $36,000. Finally, Neo Ivy Capital Management acquired a new stake in Hasbro in the 4th quarter valued at about $45,000. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price 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. Bank of America raised their target price 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. DA Davidson reiterated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Performance

Shares of Hasbro stock opened at $71.47 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $72.26. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of -7.05, a P/E/G ratio of 0.52 and a beta of 0.61. The company’s fifty day moving average is $65.73 and its 200 day moving average is $60.92.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter in the previous 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 forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.92%. Hasbro’s payout ratio is -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.