Geode Capital Management LLC Purchases 59,794 Shares of Hasbro, Inc. (NASDAQ:HAS)

Geode Capital Management LLC grew its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,371,002 shares of the company's stock after buying an additional 59,794 shares during the quarter. Geode Capital Management LLC owned approximately 2.42% of Hasbro worth $188,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in Hasbro by 28,552.6% during the 4th 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 in the last quarter. Norges Bank acquired a new position in shares of Hasbro during the fourth quarter valued at $96,359,000. Bank of New York Mellon Corp lifted its stake in shares of Hasbro by 40.2% during 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 period. Amundi boosted its holdings in Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company's stock valued at $46,827,000 after acquiring an additional 423,249 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Hasbro in the fourth quarter worth about $23,623,000. 91.83% of the stock is owned by institutional investors.

Hasbro Trading Up 2.0 %

Hasbro stock traded up $1.04 during mid-day trading on Friday, hitting $52.04. 1,826,030 shares of the company's stock were exchanged, compared to its average volume of 1,653,192. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $7.26 billion, a P/E ratio of 18.92, a PEG ratio of 0.60 and a beta of 0.51. The company's 50 day simple moving average is $60.56 and its 200-day simple moving average is $62.33.

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Hasbro (NASDAQ:HAS - Get Free Report) last released 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. 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 analyst estimates of $1.02 billion. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of research firms have issued reports on HAS. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. Roth Mkm raised their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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 increased their price target on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.