TCW Group Inc. Purchases New Shares in Hasbro, Inc. (NASDAQ:HAS)

TCW Group Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,010 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares during the period. Raymond James & Associates raised its stake in shares of Hasbro by 30.2% in the third quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after acquiring an additional 41,829 shares during the period. Signaturefd LLC raised its stake in shares of Hasbro by 41.3% in the third quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $196,000 after acquiring an additional 791 shares during the period. International Assets Investment Management LLC raised its stake in shares of Hasbro by 7,141.6% in the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after acquiring an additional 55,847 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Hasbro by 15.9% in the third quarter. Ballentine Partners LLC now owns 6,158 shares of the company’s stock valued at $445,000 after acquiring an additional 844 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HAS has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 0.8 %

Shares of Hasbro stock opened at $67.05 on Tuesday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 1 year low of $48.63 and a 1 year high of $73.46. The firm’s 50-day moving average is $58.55 and its two-hundred day moving average is $64.23. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.