40,779 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,779 shares of the company’s stock, valued at approximately $2,949,000.

Several other large investors have also recently added to or reduced their stakes in HAS. Blue Trust Inc. grew its position in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC grew its position in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hasbro in the third quarter valued at approximately $49,000. Finally, Huntington National Bank raised its holdings in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAS. Stifel Nicolaus increased their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley lifted 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. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, DA Davidson raised their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $62.52 on Friday. Hasbro, Inc. has a twelve month low of $44.85 and a twelve month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average of $68.43 and a two-hundred day moving average of $64.30. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of -13.47, a PEG ratio of 0.57 and a beta of 0.63.

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

Hasbro Dividend Announcement

The business 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Hasbro Company 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.