AQR Capital Management LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) 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 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.
Check Out Our Latest Report on HAS
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.
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