Brandywine Global Investment Management LLC Has $4.72 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Brandywine Global Investment Management LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,464 shares of the company’s stock after selling 6,613 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Hasbro were worth $4,722,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro during the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the third quarter worth $45,000. Principal Securities Inc. raised its position in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Hasbro by 225.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $151,000 after buying an additional 1,873 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAS. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. DA Davidson upped their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Trading Up 1.1 %

Shares of HAS opened at $62.14 on Wednesday. Hasbro, Inc. has a fifty-two week low of $54.26 and a fifty-two week high of $73.46. The business has a 50-day moving average of $61.34 and a 200 day moving average of $63.42. The firm has a market cap of $8.67 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.51%. Hasbro’s payout ratio is 101.82%.

Hasbro 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.