Wellington Management Group LLP Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Wellington Management Group LLP acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,592 shares of the company's stock, valued at approximately $3,080,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in shares of Hasbro by 23.9% in the 2nd quarter. Raymond James & Associates now owns 138,298 shares of the company's stock worth $8,090,000 after acquiring an additional 26,673 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Hasbro by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 181,483 shares of the company's stock worth $10,617,000 after purchasing an additional 1,086 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Hasbro by 24.5% in the second quarter. Fifth Third Bancorp now owns 6,213 shares of the company's stock valued at $363,000 after buying an additional 1,221 shares in the last quarter. Shelter Ins Retirement Plan raised its holdings in shares of Hasbro by 94.3% in the second quarter. Shelter Ins Retirement Plan now owns 23,700 shares of the company's stock valued at $1,386,000 after buying an additional 11,500 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in Hasbro by 38.7% during the 2nd quarter. Raymond James Trust N.A. now owns 14,320 shares of the company's stock worth $838,000 after buying an additional 3,996 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HAS shares. Stifel Nicolaus boosted their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. DA Davidson lifted their target price on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.67.

Insider Buying and Selling

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Hasbro Trading Down 3.4 %

NASDAQ:HAS traded down $2.04 during mid-day trading on Wednesday, hitting $58.11. The company had a trading volume of 1,655,195 shares, compared to its average volume of 1,624,736. The firm has a market cap of $8.11 billion, a P/E ratio of -12.52, a P/E/G ratio of 0.60 and a beta of 0.62. Hasbro, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $73.46. The business's fifty day moving average is $65.62 and its two-hundred day moving average is $64.72. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

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

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Wednesday, November 20th. Hasbro's dividend payout ratio is currently -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.