Cooke & Bieler LP Has $122.48 Million Stake in Hasbro, Inc. (NASDAQ:HAS)

Cooke & Bieler LP lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,190,594 shares of the company's stock after selling 34,168 shares during the quarter. Cooke & Bieler LP owned approximately 1.57% of Hasbro worth $122,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. True Wealth Design LLC acquired a new stake in shares of Hasbro in the third quarter worth $31,000. Allworth Financial LP lifted its holdings 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 period. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the third quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro in the third quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Hasbro in the third quarter valued at about $49,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Trading Down 0.7 %

HAS opened at $63.93 on Tuesday. The business has a 50 day simple moving average of $60.05 and a two-hundred day simple moving average of $64.19. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.60 and a beta of 0.51. 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, Inc. has a one year low of $51.26 and a one year high of $73.46.

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Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly 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 return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.38%. Hasbro's payout ratio is 101.82%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Morgan Stanley reissued an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

Hasbro 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.

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