9,658 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,658 shares of the company’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HAS. Resona Asset Management Co. Ltd. purchased a new position in Hasbro in the fourth quarter worth approximately $44,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Hasbro by 38.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,111,234 shares of the company’s stock valued at $62,129,000 after purchasing an additional 306,346 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at $123,000. Geode Capital Management LLC grew its stake in shares of Hasbro by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after purchasing an additional 59,794 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Hasbro by 15.6% in the fourth quarter. National Bank of Canada FI now owns 60,787 shares of the company’s stock valued at $3,399,000 after buying an additional 8,191 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HAS shares. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley restated 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. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Price Performance

Shares of HAS opened at $53.17 on Tuesday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a fifty-two week low of $51.12 and a fifty-two week high of $73.46. The firm has a 50-day simple moving average of $61.22 and a 200-day simple moving average of $63.01. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last announced its earnings results 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. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Monday, March 3rd. 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.