Marshall Wace LLP Cuts Stake in Hasbro, Inc. (NASDAQ:HAS)

Marshall Wace LLP decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 9.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,268,168 shares of the company’s stock after selling 236,763 shares during the quarter. Marshall Wace LLP’s holdings in Hasbro were worth $132,688,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HAS shares. Stifel Nicolaus raised 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 objective on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley upped their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Bank of America raised their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $71.47 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm has a market capitalization of $9.95 billion, a PE ratio of -7.05, a P/E/G ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $72.26. The business’s fifty day moving average price is $65.73 and its two-hundred day moving average price is $60.92.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data 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 business had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) 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.