Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 260,500 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Hasbro were worth $14,565,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after buying an additional 2,779,877 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after acquiring an additional 5,778 shares during the period. Amundi boosted its position in shares of Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after purchasing an additional 423,249 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after purchasing an additional 97,039 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 1.1 %

HAS stock opened at $60.62 on Thursday. The company’s 50 day moving average price is $60.62 and its 200 day moving average price is $63.85. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a fifty-two week low of $53.91 and a fifty-two 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.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Analysts Set New Price Targets

HAS has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on 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 reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. 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. Finally, DA Davidson raised their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.22.

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.