Dimensional Fund Advisors LP Buys 165,919 Shares of Hasbro, Inc. (NASDAQ:HAS)

Dimensional Fund Advisors LP raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,060,170 shares of the company's stock after purchasing an additional 165,919 shares during the period. Dimensional Fund Advisors LP owned 1.48% of Hasbro worth $115,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Epoch Investment Partners Inc. boosted its stake in shares of Hasbro by 16.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,171,029 shares of the company's stock worth $65,472,000 after purchasing an additional 163,769 shares during the period. GeoWealth Management LLC boosted its position in shares of Hasbro by 44.2% during the fourth quarter. GeoWealth Management LLC now owns 4,313 shares of the company's stock valued at $241,000 after buying an additional 1,321 shares during the period. Commerce Bank grew its stake in shares of Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock valued at $813,000 after buying an additional 171 shares during the last quarter. Dean Investment Associates LLC raised its holdings in shares of Hasbro by 4.5% in the fourth quarter. Dean Investment Associates LLC now owns 27,482 shares of the company's stock worth $1,537,000 after buying an additional 1,188 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Hasbro by 76.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 93,200 shares of the company's stock worth $5,211,000 after buying an additional 40,500 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 1.0 %

NASDAQ:HAS opened at $60.99 on Friday. 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 stock has a market capitalization of $8.53 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.60 and a beta of 0.51. The company's 50-day simple moving average is $59.37 and its 200-day simple moving average is $61.07. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week 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 (EPS) 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 analyst estimates 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. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

Analysts Set New Price Targets

HAS has been the topic of several research analyst reports. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. DA Davidson upgraded shares of Hasbro to a "hold" rating in a report on Monday, April 14th. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research report on Friday. Finally, StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus price target of $79.89.

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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