Massachusetts Financial Services Co. MA Acquires 97,039 Shares of Hasbro, Inc. (NASDAQ:HAS)

Massachusetts Financial Services Co. MA grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 804,888 shares of the company’s stock after purchasing an additional 97,039 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.58% of Hasbro worth $58,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HAS. Swedbank AB purchased a new stake in shares of Hasbro during the 1st quarter worth $82,523,000. Mizuho Securities USA LLC grew its stake in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares during the last quarter. Samlyn Capital LLC raised its holdings in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after buying an additional 565,645 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new stake in shares of Hasbro in the 3rd quarter valued at about $32,032,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HAS shares. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus raised their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. DA Davidson boosted their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Stock Up 1.0 %

Hasbro stock opened at $62.52 on Monday. The business’s 50-day simple moving average is $68.43 and its two-hundred day simple moving average is $64.34. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market cap of $8.72 billion, a PE ratio of -13.47, a PEG ratio of 0.57 and a beta of 0.63. Hasbro, Inc. has a fifty-two week low of $44.85 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.48%. Hasbro’s payout ratio is currently -60.34%.

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.