Federated Hermes Inc. Purchases 7,879 Shares of Hasbro, Inc. (NASDAQ:HAS)

Federated Hermes Inc. boosted its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1,302.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,484 shares of the company's stock after acquiring an additional 7,879 shares during the quarter. Federated Hermes Inc.'s holdings in Hasbro were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Hasbro by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after buying an additional 404,527 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Hasbro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock worth $188,269,000 after buying an additional 59,794 shares during the period. Pacer Advisors Inc. raised its stake 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 last quarter. Norges Bank acquired a new position in Hasbro in the fourth quarter valued at approximately $96,359,000. Finally, Bank of New York Mellon Corp boosted its stake in Hasbro by 40.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after acquiring an additional 426,130 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Up 4.7 %

Shares of NASDAQ:HAS traded up $2.45 during trading on Wednesday, hitting $54.55. 547,418 shares of the company were exchanged, compared to its average volume of 1,659,075. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm has a fifty day moving average price of $59.55 and a two-hundred day moving average price of $61.37.

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

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is presently 101.82%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HAS shares. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. DA Davidson upgraded shares of Hasbro to a "hold" rating in a report on Monday, April 14th. Morgan Stanley restated an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, StockNews.com lowered Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Hasbro currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

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.