Fox Run Management L.L.C. Decreases Position in Hasbro, Inc. $HAS

Fox Run Management L.L.C. decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,025 shares of the company’s stock after selling 8,306 shares during the period. Fox Run Management L.L.C.’s holdings in Hasbro were worth $1,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Hasbro by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares during the period. State Street Corp boosted its position in shares of Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares during the period. Geode Capital Management LLC boosted its position in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after buying an additional 122,592 shares during the period. Bank of America Corp DE boosted its position in shares of Hasbro by 21.9% in the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Hasbro by 5.3% in the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after acquiring an additional 162,354 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. The Goldman Sachs Group boosted their price target on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. BNP Paribas Exane boosted their price target on Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings cut Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Finally, Argus set a $105.00 price target on Hasbro in a research note on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.64.

Hasbro Trading Down 0.8%

Shares of NASDAQ HAS opened at $83.54 on Tuesday. The stock’s 50 day moving average price is $91.60 and its two-hundred day moving average price is $90.13. Hasbro, Inc. has a 52-week low of $66.30 and a 52-week high of $106.98. The stock has a market capitalization of $11.82 billion, a P/E ratio of -50.33, a PEG ratio of 2.08 and a beta of 0.48. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Hasbro’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s dividend payout ratio is presently -168.67%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.