Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Alerus Financial NA

Alerus Financial NA raised its position in Hasbro, Inc. (NASDAQ:HAS) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 86,276 shares of the company’s stock after buying an additional 1,764 shares during the period. Alerus Financial NA’s holdings in Hasbro were worth $4,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. True Wealth Design LLC acquired a new position in Hasbro in the third quarter valued at $31,000. Allworth Financial LP grew its holdings in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro in the third quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro in the 3rd quarter worth about $45,000. Finally, Principal Securities Inc. increased its holdings in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm increased 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. DA Davidson boosted 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. Finally, Stifel Nicolaus cut their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Trading Down 0.2 %

HAS opened at $61.38 on Friday. The stock has a market capitalization of $8.56 billion, a PE ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46. The firm’s fifty day moving average price is $61.11 and its 200 day moving average price is $63.61. 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 posted its earnings results 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is 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.