Commerzbank Aktiengesellschaft FI Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,476 shares of the company's stock, valued at approximately $417,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after purchasing an additional 263 shares during the last quarter. True Wealth Design LLC bought a new position in Hasbro during the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro during the third quarter worth approximately $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro during the third quarter worth approximately $45,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hasbro in the 3rd quarter valued at $49,000. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Roth Mkm lifted 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. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Finally, Morgan Stanley restated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.22.

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Hasbro Trading Up 1.3 %

HAS traded up $0.84 during midday trading on Friday, reaching $64.35. 2,190,102 shares of the company's stock traded hands, compared to its average volume of 1,598,166. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52 week low of $50.89 and a 52 week high of $73.46. The firm has a fifty day moving average of $59.89 and a two-hundred day moving average of $64.23. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during 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%. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, March 3rd. 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.