Brinker Capital Inc. Raises Stake in Hasbro, Inc. (NASDAQ:HAS)

Brinker Capital Inc. raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,219 shares of the company’s stock after buying an additional 1,074 shares during the quarter. Brinker Capital Inc.’s holdings in Hasbro were worth $3,112,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAS. Vanguard Group Inc. grew its holdings in shares of Hasbro by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock worth $1,493,216,000 after purchasing an additional 533,737 shares during the period. BlackRock Inc. grew its holdings in shares of Hasbro by 13.1% during the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after purchasing an additional 1,106,949 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Hasbro by 3.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,397,826 shares of the company’s stock worth $359,079,000 after purchasing an additional 116,716 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 891,638 shares of the company’s stock worth $94,229,000 after purchasing an additional 32,620 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Hasbro by 20.6% during the 2nd quarter. California Public Employees Retirement System now owns 857,271 shares of the company’s stock worth $90,596,000 after purchasing an additional 146,149 shares during the period. Institutional investors own 86.35% of the company’s stock.

HAS opened at $100.02 on Wednesday. The stock’s 50-day moving average price is $117.60 and its 200 day moving average price is $107.82. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $126.87. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.39 and a beta of 1.09.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.18 by ($0.34). Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $1.93 EPS. Hasbro’s revenue was up .3% on a year-over-year basis. On average, research analysts forecast that Hasbro, Inc. will post 4.79 earnings per share for the current year.

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

A number of equities analysts have recently weighed in on HAS shares. Wells Fargo & Co increased their price target on Hasbro from $95.00 to $111.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. KeyCorp increased their price target on Hasbro from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. UBS Group increased their price target on Hasbro from $96.00 to $117.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets increased their target price on Hasbro from $93.00 to $105.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $127.00 target price (up previously from $109.00) on shares of Hasbro in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $123.21.

Hasbro 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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