Charles Schwab Investment Management Inc. Boosts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Charles Schwab Investment Management Inc. lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,184,036 shares of the company’s stock after buying an additional 8,270 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of Hasbro worth $85,629,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Hasbro by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock worth $10,238,000 after purchasing an additional 3,656 shares during the period. California State Teachers Retirement System lifted its stake in shares of Hasbro by 1.4% in the 1st quarter. California State Teachers Retirement System now owns 227,068 shares of the company’s stock valued at $12,834,000 after acquiring an additional 3,055 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Hasbro by 14.5% in the 1st quarter. Tidal Investments LLC now owns 42,402 shares of the company’s stock valued at $2,396,000 after acquiring an additional 5,368 shares during the last quarter. Comerica Bank boosted its holdings in Hasbro by 11.1% during the 1st quarter. Comerica Bank now owns 57,090 shares of the company’s stock valued at $3,227,000 after acquiring an additional 5,697 shares during the period. Finally, Swedbank AB bought a new position in Hasbro during the 1st quarter worth approximately $82,523,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

HAS stock opened at $63.89 on Thursday. The firm has a 50-day moving average of $68.05 and a 200 day moving average of $64.39. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market cap of $8.91 billion, a P/E ratio of -13.77, a PEG ratio of 0.60 and a beta of 0.63. Hasbro, Inc. has a 1 year low of $44.85 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last released 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. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on Hasbro from $76.00 to $82.00 and gave the stock 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Hasbro 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.