Hasbro, Inc. (NASDAQ:HAS) Position Cut by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,204 shares of the company's stock after selling 10,742 shares during the period. American Century Companies Inc.'s holdings in Hasbro were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. Pacer Advisors Inc. lifted its position in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock worth $83,068,000 after purchasing an additional 426,130 shares during the period. Amundi boosted its holdings in shares of Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company's stock valued at $46,827,000 after purchasing an additional 423,249 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hasbro in the fourth quarter valued at $23,623,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company's stock worth $30,629,000 after acquiring an additional 369,744 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

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Hasbro Stock Performance

NASDAQ HAS traded down $0.66 during trading on Wednesday, reaching $51.83. The company's stock had a trading volume of 575,063 shares, compared to its average volume of 1,649,650. The business's fifty day moving average price is $60.30 and its 200-day moving average price is $62.07. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.40%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research analyst reports. StockNews.com lowered Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday. DA Davidson upgraded Hasbro to a "hold" rating in a report on Monday. Morgan Stanley reiterated 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. Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.22.

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.