Morningstar Investment Management LLC Purchases Shares of 3,639 Hasbro, Inc. (NASDAQ:HAS)

Morningstar Investment Management LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,639 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in shares of Hasbro by 37.1% during the 1st quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock valued at $851,000 after acquiring an additional 2,810 shares in the last quarter. Private Advisor Group LLC grew its position in Hasbro by 14.2% during the 1st quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock worth $562,000 after acquiring an additional 850 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Hasbro by 23.0% during the 1st quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after purchasing an additional 6,597 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Hasbro by 61.8% during the 1st quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock worth $1,486,000 after buying an additional 6,927 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Hasbro by 2.5% during the first quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after purchasing an additional 5,054 shares during the last quarter. 80.87% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 1.5 %

Shares of NASDAQ:HAS traded up $0.90 during midday trading on Friday, hitting $60.62. The stock had a trading volume of 770,893 shares, compared to its average volume of 1,920,516. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The business’s 50-day simple moving average is $55.09 and its 200-day simple moving average is $57.85. Hasbro, Inc. has a 12 month low of $45.75 and a 12 month high of $91.53. The company has a market cap of $8.40 billion, a P/E ratio of 69.44, a PEG ratio of 5.47 and a beta of 0.74.

Hasbro (NASDAQ:HAS – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Hasbro had a return on equity of 18.56% and a net margin of 2.11%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $883.06 million. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.46 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, July 31st. Hasbro’s dividend payout ratio is presently 325.59%.

Wall Street Analyst Weigh In

HAS has been the topic of several research reports. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Hasbro in a report on Friday, April 28th. Monness Crespi & Hardt dropped their price objective on Hasbro from $106.00 to $80.00 and set a “buy” rating for the company in a report on Friday, January 27th. DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of Hasbro in a research note on Monday, April 3rd. UBS Group dropped their price target on shares of Hasbro from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 27th. Finally, Stifel Nicolaus increased their price objective on shares of Hasbro from $68.00 to $70.00 and gave the company a “buy” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Hold” and a consensus target price of $75.50.

Hasbro Company Profile

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Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.