Vanguard Group Inc. Grows Stake in Hasbro, Inc. (NASDAQ:HAS)

Vanguard Group Inc. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,358,414 shares of the company’s stock after buying an additional 404,527 shares during the quarter. Vanguard Group Inc. owned approximately 11.73% of Hasbro worth $914,599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after purchasing an additional 426,130 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after purchasing an additional 5,778 shares during the last quarter. Amundi lifted its holdings in Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after purchasing an additional 423,249 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Hasbro by 9.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock worth $56,034,000 after purchasing an additional 66,995 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Down 1.3 %

HAS opened at $60.59 on Friday. The business’s 50 day moving average price is $61.18 and its 200 day moving average price is $63.56. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market capitalization of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $54.26 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last announced 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. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio is presently 101.82%.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent research reports. Stifel Nicolaus reduced their target price 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. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

About Hasbro

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.