Reynders McVeigh Capital Management LLC Buys New Stake in Hasbro, Inc. (NASDAQ:HAS)

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Reynders McVeigh Capital Management LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,440 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Hasbro by 1.2% during the first quarter. BlackRock Inc. now owns 8,446,739 shares of the company’s stock worth $718,144,000 after acquiring an additional 102,935 shares during the period. Principal Financial Group Inc. raised its position in Hasbro by 2.8% during the first quarter. Principal Financial Group Inc. now owns 3,670,925 shares of the company’s stock worth $312,103,000 after acquiring an additional 100,264 shares during the period. Janus Henderson Group PLC raised its position in Hasbro by 3.6% during the second quarter. Janus Henderson Group PLC now owns 3,397,826 shares of the company’s stock worth $359,079,000 after acquiring an additional 116,716 shares during the period. Geode Capital Management LLC raised its position in Hasbro by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after acquiring an additional 109,854 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in Hasbro by 88.5% during the first quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock worth $81,408,000 after acquiring an additional 449,569 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Shares of Hasbro stock traded down $10.22 during trading hours on Friday, reaching $104.13. 1,882,017 shares of the company’s stock were exchanged, compared to its average volume of 1,010,097. The company has a quick ratio of 2.11, a current ratio of 2.64 and a debt-to-equity ratio of 0.99. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $126.87. The business has a fifty day moving average of $113.53 and a two-hundred day moving average of $99.19. The company has a market capitalization of $14.43 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The firm had revenue of $984.54 million during the quarter, compared to analyst estimates of $958.91 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Hasbro’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Hasbro, Inc. will post 4.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, October 31st. Hasbro’s dividend payout ratio is currently 70.65%.

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Hasbro from $103.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. KeyCorp upped their target price on shares of Hasbro from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. MKM Partners upped their target price on shares of Hasbro from $123.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Co upped their target price on shares of Hasbro from $95.00 to $111.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, Argus raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $122.17.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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