Geode Capital Management LLC Has $299.70 Million Stock Position in Hasbro, Inc. $HAS

Geode Capital Management LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,661,020 shares of the company’s stock after buying an additional 122,592 shares during the period. Geode Capital Management LLC owned approximately 2.61% of Hasbro worth $299,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter valued at $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the 2nd quarter worth about $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in Hasbro in the 3rd quarter worth about $34,000. Wexford Capital LP acquired a new position in Hasbro in the 3rd quarter worth about $37,000. Finally, Leonteq Securities AG acquired a new position in Hasbro in the 4th quarter worth about $49,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HAS shares. JPMorgan Chase & Co. upped their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. The Goldman Sachs Group upped their target price on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wells Fargo & Company dropped their target price on Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.64.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $85.07 on Tuesday. The business has a 50 day moving average price of $92.39 and a 200 day moving average price of $89.91. Hasbro, Inc. has a twelve month low of $64.85 and a twelve month high of $106.98. The company has a market cap of $12.04 billion, a price-to-earnings ratio of -51.25, a PEG ratio of 2.12 and a beta of 0.52. 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 earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share 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 during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts predict that Hasbro, Inc. will post 5.96 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors 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 3.3%. Hasbro’s dividend payout ratio is presently -168.67%.

Hasbro Company Profile

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.