Renaissance Technologies LLC Grows Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Renaissance Technologies LLC grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 80.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,344 shares of the company’s stock after buying an additional 98,044 shares during the period. Renaissance Technologies LLC owned 0.16% of Hasbro worth $12,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in Hasbro by 14.3% in the 3rd quarter. FMR LLC now owns 13,867 shares of the company’s stock valued at $1,003,000 after buying an additional 1,730 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Hasbro by 31.2% in the third quarter. HighTower Advisors LLC now owns 11,814 shares of the company’s stock valued at $855,000 after purchasing an additional 2,810 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Hasbro during the 3rd quarter valued at $3,080,000. M&T Bank Corp lifted its holdings in Hasbro by 4.2% during the 3rd quarter. M&T Bank Corp now owns 9,435 shares of the company’s stock worth $682,000 after purchasing an additional 378 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in Hasbro in the 3rd quarter worth about $269,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $52.49 on Wednesday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The business has a 50 day moving average of $60.30 and a 200 day moving average of $62.07. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during 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%. On average, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

HAS has been the topic of several analyst reports. Morgan Stanley reiterated 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. DA Davidson upgraded shares of Hasbro to a “hold” rating in a research note on Monday. StockNews.com lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target 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.