Franklin Resources Inc. Buys 182,300 Shares of Hasbro, Inc. (NASDAQ:HAS)

Franklin Resources Inc. lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 962.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,238 shares of the company's stock after purchasing an additional 182,300 shares during the quarter. Franklin Resources Inc. owned approximately 0.14% of Hasbro worth $11,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Allworth Financial LP grew its holdings in 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 purchasing an additional 263 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Hasbro during the 3rd quarter worth $45,000. Principal Securities Inc. boosted its holdings in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after acquiring an additional 208 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Hasbro by 225.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company's stock valued at $151,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Hasbro by 1,150.3% in the third quarter. Sunbelt Securities Inc. now owns 2,363 shares of the company's stock worth $171,000 after purchasing an additional 2,174 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

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Analyst Ratings Changes

HAS has been the topic of several research analyst reports. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. DA Davidson boosted their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Hasbro has an average rating of "Moderate Buy" and a consensus target price of $80.22.

Hasbro Stock Up 1.4 %

Shares of HAS stock traded up $0.75 on Monday, hitting $52.79. 119,959 shares of the stock were exchanged, compared to its average volume of 1,647,445. The firm has a market capitalization of $7.39 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The business has a 50-day moving average of $60.56 and a 200 day moving average of $62.27. 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 (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current 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 issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Monday, March 3rd. Hasbro's payout ratio is presently 101.82%.

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.