Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Increased by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC lifted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,278 shares of the company's stock after acquiring an additional 8,799 shares during the quarter. Abacus FCF Advisors LLC's holdings in Hasbro were worth $1,413,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HAS. Renaissance Technologies LLC raised its stake in Hasbro by 80.8% during the fourth quarter. Renaissance Technologies LLC now owns 219,344 shares of the company's stock worth $12,264,000 after acquiring an additional 98,044 shares during the period. Bank of Nova Scotia raised its position in shares of Hasbro by 23.6% during the 4th quarter. Bank of Nova Scotia now owns 12,939 shares of the company's stock worth $723,000 after purchasing an additional 2,471 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hasbro by 3.6% in the 4th quarter. Legal & General Group Plc now owns 249,715 shares of the company's stock worth $13,962,000 after purchasing an additional 8,598 shares during the last quarter. Invesco Ltd. boosted its position in Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the period. Finally, Polymer Capital Management US LLC bought a new position in Hasbro during the 4th quarter worth $502,000. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAS has been the subject of several analyst reports. DA Davidson boosted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and a consensus target price of $80.22.

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Hasbro Price Performance

NASDAQ:HAS traded up $0.96 during trading hours on Monday, reaching $53.00. 347,370 shares of the company's stock were exchanged, compared to its average volume of 1,782,807. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $7.41 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The business's 50-day simple moving average is $60.56 and its two-hundred day simple moving average is $62.27.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 5.28%. Hasbro's dividend payout ratio (DPR) is presently 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.