UniSuper Management Pty Ltd Boosts Stake in Hasbro, Inc. (NASDAQ:HAS)

UniSuper Management Pty Ltd lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 24.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,345 shares of the company’s stock after acquiring an additional 5,022 shares during the period. UniSuper Management Pty Ltd’s holdings in Hasbro were worth $1,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Hasbro in the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro in the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the 3rd quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its stake in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

HAS opened at $60.59 on Monday. The company’s 50-day simple moving average is $61.18 and its two-hundred day simple moving average is $63.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market capitalization of $8.45 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week high of $73.46.

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

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of brokerages have weighed in on HAS. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average 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.