Commerzbank Aktiengesellschaft FI Takes $417,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Commerzbank Aktiengesellschaft FI acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 7,476 shares of the company’s stock, valued at approximately $417,000.

Several other large investors have also bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after buying an additional 2,779,877 shares during the period. Bank of New York Mellon Corp lifted its holdings in Hasbro by 40.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after buying an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after buying an additional 5,778 shares during the period. Mizuho Securities USA LLC lifted its holdings in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after buying an additional 97,039 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Up 2.0 %

Shares of NASDAQ:HAS opened at $63.04 on Thursday. Hasbro, Inc. has a 12 month low of $50.51 and a 12 month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company’s fifty day simple moving average is $59.60 and its 200 day simple moving average is $64.26. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 0.60 and a beta of 0.51.

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. 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 analyst estimates of $1.02 billion. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.44%. Hasbro’s payout ratio is 101.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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 report on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.