Commerzbank Aktiengesellschaft FI Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,476 shares of the company’s stock, valued at approximately $417,000.

A number of other large investors have also made changes to their positions in HAS. Allworth Financial LP raised its position in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the last quarter. True Wealth Design LLC acquired a new position in Hasbro in the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the third quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro in the third quarter worth about $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in Hasbro in the third quarter worth about $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of Hasbro stock opened at $63.04 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1-year low of $50.51 and a 1-year high of $73.46. The firm’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $64.26.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared 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 is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.44%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson increased 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, February 24th. Stifel Nicolaus dropped 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, Roth Mkm increased their price target 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.