TCW Group Inc. Takes $1.01 Million Position in Hasbro, Inc. (NASDAQ:HAS)

TCW Group Inc. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,010 shares of the company’s stock, valued at approximately $1,007,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Olympiad Research LP purchased a new position in shares of Hasbro in the 4th quarter valued at approximately $423,000. Morningstar Investment Management LLC raised its position in shares of Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after purchasing an additional 258 shares during the last quarter. Ieq Capital LLC raised its position in shares of Hasbro by 76.4% in the 4th quarter. Ieq Capital LLC now owns 27,917 shares of the company’s stock valued at $1,561,000 after purchasing an additional 12,091 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock valued at $225,000 after purchasing an additional 210 shares during the last quarter. Finally, Cardinal Capital Management raised its position in shares of Hasbro by 3.6% in the 4th quarter. Cardinal Capital Management now owns 81,102 shares of the company’s stock valued at $4,534,000 after purchasing an additional 2,831 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction 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 sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on HAS shares. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson raised their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $67.05 on Tuesday. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a 12 month low of $48.63 and a 12 month high of $73.46. The firm’s 50 day simple moving average is $58.55 and its 200-day simple moving average is $64.23. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. 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.