Headlands Technologies LLC Acquires Shares of 2,203 Hasbro, Inc. (NASDAQ:HAS)

Headlands Technologies LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,203 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAS. Pacer Advisors Inc. raised its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Norges Bank purchased a new position in Hasbro in the 4th quarter valued at about $96,359,000. Bank of New York Mellon Corp boosted its holdings in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after buying an additional 426,130 shares during the last quarter. Amundi increased its stake in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after buying an additional 423,249 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Hasbro during the fourth quarter valued at approximately $23,623,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $53.96 on Monday. The firm has a 50 day simple moving average of $61.33 and a 200-day simple moving average of $63.14. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 1-year low of $51.12 and a 1-year 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, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 5.19%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research 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 research report on Friday, February 21st. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price 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.