26,900 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, HoldingsChannel reports. The firm purchased 26,900 shares of the company’s stock, valued at approximately $1,504,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Hasbro during the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro in the 3rd quarter valued at $45,000. Finally, Principal Securities Inc. lifted its position in shares of 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 during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Roth Mkm upped 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. Finally, DA Davidson lifted their price target 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 1.3 %

Shares of NASDAQ:HAS opened at $60.59 on Friday. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. The business’s 50 day moving average is $61.18 and its 200 day moving average is $63.56. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced 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 dividend yield of 4.62%. Hasbro’s dividend payout ratio is currently 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.