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

AQR Capital Management LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 469.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 686,144 shares of the company’s stock after acquiring an additional 565,645 shares during the quarter. AQR Capital Management LLC owned about 0.49% of Hasbro worth $40,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the period. Plato Investment Management Ltd acquired a new position in Hasbro during the 2nd quarter worth approximately $27,000. Asset Dedication LLC raised its stake in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 351 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Hasbro in the 4th quarter valued at approximately $36,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Hasbro in the fourth quarter valued at approximately $45,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAS. Bank of America raised their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. Morgan Stanley boosted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus increased their target price on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, DA Davidson reissued a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $70.55.

Hasbro Stock Performance

Hasbro stock opened at $72.10 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $72.79. The stock has a fifty day moving average of $66.63 and a two-hundred day moving average of $61.34. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million during 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 for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.88%. Hasbro’s payout ratio is currently -27.61%.

About Hasbro

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.