Canada Pension Plan Investment Board Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Canada Pension Plan Investment Board increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,200 shares of the company's stock after purchasing an additional 40,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Hasbro worth $5,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HAS. Pacer Advisors Inc. increased its position in shares of Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after buying an additional 2,779,877 shares during the period. Norges Bank acquired a new position in shares of Hasbro in the 4th quarter valued at about $96,359,000. Invesco Ltd. lifted its stake in shares of Hasbro by 28.5% in 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. Marshall Wace LLP boosted its position in shares of Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after purchasing an additional 507,054 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Hasbro by 40.2% during the fourth 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. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the topic of a number of research analyst reports. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday. Morgan Stanley restated an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.40.

Hasbro Stock Up 1.0 %

NASDAQ:HAS traded up $0.62 during trading hours on Friday, hitting $60.99. 3,857,076 shares of the company traded hands, compared to its average volume of 1,670,023. 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 cap of $8.53 billion, a PE ratio of 22.18, a PEG ratio of 0.60 and a beta of 0.51. The firm's 50-day simple moving average is $59.38 and its 200-day simple moving average is $61.22. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. During the same period in the previous year, the company earned $0.61 earnings per share. Equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.59%. Hasbro's dividend payout ratio (DPR) is currently 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.