Massachusetts Financial Services Co. MA Buys 306,346 Shares of Hasbro, Inc. (NASDAQ:HAS)

Massachusetts Financial Services Co. MA lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,111,234 shares of the company’s stock after purchasing an additional 306,346 shares during the period. Massachusetts Financial Services Co. MA owned 0.80% of Hasbro worth $62,129,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

HAS has been the topic of several analyst reports. DA Davidson upped their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. 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 research report on Friday, January 3rd. Finally, 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 research note on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Stock Down 1.9 %

Shares of Hasbro stock opened at $53.96 on Friday. The company’s 50 day moving average price is $61.33 and its 200-day moving average price is $63.19. Hasbro, Inc. has a 52-week low of $51.12 and a 52-week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released 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 return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

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

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.