Daiwa Securities Group Inc. Purchases 8,198 Shares of Hasbro, Inc. (NASDAQ:HAS)

Daiwa Securities Group Inc. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,462 shares of the company's stock after buying an additional 8,198 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Hasbro were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HAS. Huntington National Bank raised its holdings in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company's stock worth $55,000 after acquiring an additional 163 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after buying an additional 166 shares during the last quarter. Keybank National Association OH raised its position in shares of Hasbro by 3.5% during the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after buying an additional 180 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Hasbro by 16.4% in the 4th 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 last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in Hasbro by 5.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock worth $225,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HAS shares. DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Roth Mkm raised 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.22.

Hasbro Trading Down 0.4 %

HAS traded down $0.26 during trading on Tuesday, hitting $59.96. 1,500,973 shares of the stock were exchanged, compared to its average volume of 1,549,093. 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 firm has a 50 day simple moving average of $60.50 and a 200 day simple moving average of $63.93. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1 year low of $52.95 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share 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 during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 4.67%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is 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.