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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Trust bought a new position in Hasbro in the third quarter worth about $634,000. Jones Financial Companies Lllp grew its holdings in shares of Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after acquiring an additional 2,426 shares during the period. Capital Wealth Management LLC bought a new position in shares of Hasbro in the 4th quarter worth approximately $496,000. Polymer Capital Management US LLC purchased a new position in shares of Hasbro in the 4th quarter valued at approximately $502,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $540,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HAS. Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. StockNews.com cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson upgraded shares of Hasbro to a “hold” rating in a report on Monday. Stifel Nicolaus lowered 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. Finally, Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

Shares of HAS opened at $52.49 on Wednesday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The company has a market capitalization of $7.34 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm has a 50 day moving average of $60.30 and a 200 day moving average of $62.07. 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 (NASDAQ:HAS) last posted its quarterly earnings results 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. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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

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.