Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,358,414 shares of the company’s stock after acquiring an additional 404,527 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Hasbro worth $914,599,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Glenmede Trust Co. NA grew its stake in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after buying an additional 180 shares during the period. Principal Securities Inc. grew its position in shares of 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 buying an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after buying an additional 210 shares during the period. Finally, Morningstar Investment Management LLC raised its holdings in Hasbro by 5.9% in the fourth quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after acquiring an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson raised their price target on 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 report on Friday, January 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Down 1.3 %

Shares of NASDAQ HAS opened at $60.59 on Friday. The business has a 50-day moving average price of $61.18 and a 200 day moving average price of $63.56. The stock has a market cap of $8.45 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week high of $73.46.

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

Hasbro Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

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.