Wellington Management Group LLP Has $3.04 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Wellington Management Group LLP lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 27.7% 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 54,403 shares of the company's stock after purchasing an additional 11,811 shares during the quarter. Wellington Management Group LLP's holdings in Hasbro were worth $3,042,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Alerus Financial NA raised its holdings in Hasbro by 2.1% during the 4th quarter. Alerus Financial NA now owns 86,276 shares of the company's stock worth $4,824,000 after buying an additional 1,764 shares during the period. Level Four Advisory Services LLC increased its position in shares of Hasbro by 7.2% during the fourth quarter. Level Four Advisory Services LLC now owns 4,387 shares of the company's stock worth $245,000 after acquiring an additional 293 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Hasbro by 2.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 33,454 shares of the company's stock worth $1,870,000 after acquiring an additional 892 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Hasbro by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,638 shares of the company's stock valued at $203,000 after acquiring an additional 271 shares in the last quarter. Finally, Norges Bank acquired a new position in Hasbro in the 4th quarter worth $96,359,000. Institutional investors own 91.83% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. DA Davidson upgraded shares of Hasbro to a "hold" rating in a report on Monday. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.22.

Hasbro Stock Performance

NASDAQ:HAS traded down $0.86 on Tuesday, hitting $52.49. The company's stock had a trading volume of 1,448,995 shares, compared to its average volume of 1,652,021. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The firm has a market capitalization of $7.34 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock has a fifty day moving average of $60.45 and a two-hundred day moving average of $62.13. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is 101.82%.

Hasbro Company 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.