KLP Kapitalforvaltning AS Makes New $1.50 Million Investment in Hasbro, Inc. (NASDAQ:HAS)

KLP Kapitalforvaltning AS acquired a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,900 shares of the company's stock, valued at approximately $1,504,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. True Wealth Design LLC acquired a new stake in Hasbro in the third quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new stake in Hasbro in the third quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new position in Hasbro during the 3rd quarter worth $45,000. Finally, Principal Securities Inc. lifted its holdings in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after buying an additional 208 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the subject of a number of analyst reports. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley restated an "overweight" rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective 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. StockNews.com raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. Finally, Roth Mkm upped 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 analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.22.

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Hasbro Stock Up 0.4 %

Shares of HAS stock traded up $0.23 on Tuesday, reaching $61.72. 510,179 shares of the company were exchanged, compared to its average volume of 1,607,333. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a 50-day moving average of $61.26 and a 200-day moving average of $63.46. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $54.26 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly 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. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.54%. Hasbro's payout ratio 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.