Canada Pension Plan Investment Board Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

Canada Pension Plan Investment Board lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 76.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 93,200 shares of the company’s stock after buying an additional 40,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Hasbro were worth $5,211,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. American Trust purchased a new stake in shares of Hasbro during the 3rd quarter worth approximately $634,000. Jones Financial Companies Lllp raised its stake in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after purchasing an additional 2,426 shares in the last quarter. Polymer Capital Management US LLC bought a new position in Hasbro during the fourth quarter valued at $502,000. Capital Wealth Management LLC bought a new stake in shares of Hasbro in the 4th quarter worth about $496,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Hasbro in the 4th quarter valued at about $540,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of a number of recent analyst reports. StockNews.com cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. DA Davidson raised Hasbro to a “hold” rating in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Roth Mkm lifted their target price 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 assigned a buy rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Performance

HAS stock opened at $51.54 on Tuesday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The business has a 50-day moving average price of $59.71 and a 200 day moving average price of $61.43. The company has a market capitalization of $7.21 billion, a P/E ratio of 18.74, a PEG 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 (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The firm 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%. As a group, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid 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 5.43%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.