UniSuper Management Pty Ltd Acquires 5,022 Shares of Hasbro, Inc. (NASDAQ:HAS)

UniSuper Management Pty Ltd increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 24.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,345 shares of the company’s stock after purchasing an additional 5,022 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Hasbro were worth $1,417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro during the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new position in Hasbro in the 3rd quarter worth $45,000. Finally, Principal Securities Inc. increased its stake in Hasbro by 16.4% in the 4th 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. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

Hasbro stock opened at $60.59 on Monday. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week 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 firm’s fifty day moving average is $61.18 and its 200 day moving average is $63.51. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus lowered 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. Finally, StockNews.com raised shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Company 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.