Charles Schwab Investment Management Inc. Buys 34,188 Shares of Hasbro, Inc. $HAS

Charles Schwab Investment Management Inc. raised its position in Hasbro, Inc. (NASDAQ:HAS) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,251,549 shares of the company’s stock after buying an additional 34,188 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.89% of Hasbro worth $92,389,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in Hasbro by 69.5% in the 2nd quarter. American Century Companies Inc. now owns 23,042 shares of the company’s stock valued at $1,701,000 after purchasing an additional 9,446 shares during the last quarter. Mufg Securities Americas Inc. increased its position in shares of Hasbro by 25.7% during the second quarter. Mufg Securities Americas Inc. now owns 2,919 shares of the company’s stock worth $215,000 after buying an additional 597 shares during the period. AXQ Capital LP raised its position in shares of Hasbro by 499.5% in the 2nd quarter. AXQ Capital LP now owns 23,674 shares of the company’s stock worth $1,748,000 after acquiring an additional 19,725 shares in the last quarter. Franklin Resources Inc. lifted its stake in Hasbro by 22.7% in the second quarter. Franklin Resources Inc. now owns 263,231 shares of the company’s stock valued at $19,432,000 after buying an additional 48,742 shares during the period. Finally, Legal & General Group Plc boosted its stake in Hasbro by 7.1% during the second quarter. Legal & General Group Plc now owns 313,512 shares of the company’s stock worth $23,143,000 after acquiring an additional 20,836 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Bank of America increased their price objective on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Morgan Stanley lifted their target price on Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Citigroup boosted their target price on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Wolfe Research raised their price target on shares of Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $89.33.

Hasbro Stock Performance

Hasbro stock opened at $82.62 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $83.40. The firm has a market capitalization of $11.59 billion, a PE ratio of -20.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The firm’s 50 day simple moving average is $76.57 and its 200 day simple moving average is $75.02.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 earnings per share. As a group, analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Hasbro’s dividend payout ratio (DPR) is -69.83%.

Insiders Place Their Bets

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by insiders.

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.