Natixis Advisors LLC Grows Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Natixis Advisors LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,343 shares of the company's stock after acquiring an additional 28,604 shares during the quarter. Natixis Advisors LLC owned 0.34% of Hasbro worth $34,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company's stock valued at $108,723,000 after purchasing an additional 135,548 shares during the period. Samlyn Capital LLC boosted its position in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company's stock valued at $107,252,000 after buying an additional 855,099 shares during the period. Swedbank AB bought a new stake in Hasbro in the 1st quarter worth $82,523,000. Mizuho Securities USA LLC increased its position in shares of Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Hasbro by 43.2% during the second quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company's stock valued at $41,407,000 after acquiring an additional 213,664 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 1.3 %

Shares of Hasbro stock opened at $62.21 on Monday. Hasbro, Inc. has a 1 year low of $43.74 and a 1 year high of $73.46. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of -13.41, a PEG ratio of 0.58 and a beta of 0.63. The company has a 50-day moving average of $69.01 and a 200 day moving average of $64.29. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The business's revenue for the quarter was down 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro's payout ratio is -60.34%.

Wall Street Analyst Weigh In

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

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.

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