Lbp Am Sa Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

LBP AM SA lifted its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 67.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,204 shares of the company's stock after buying an additional 62,287 shares during the quarter. LBP AM SA owned approximately 0.11% of Hasbro worth $8,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HAS. Pacer Advisors Inc. increased its position in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $83,068,000 after purchasing an additional 426,130 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hasbro by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after purchasing an additional 5,778 shares during the last quarter. Mizuho Securities USA LLC increased its position in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock worth $72,320,000 after purchasing an additional 989,906 shares during the last quarter. Finally, Amundi increased its position in Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after purchasing an additional 423,249 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAS. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock 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, DA Davidson boosted their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average price target of $80.22.

Hasbro Stock Up 1.1 %

NASDAQ:HAS traded up $0.66 during mid-day trading on Wednesday, reaching $60.62. The company's stock had a trading volume of 1,523,659 shares, compared to its average volume of 1,550,092. Hasbro, Inc. has a 1 year low of $53.33 and a 1 year high of $73.46. The stock has a fifty day moving average of $60.55 and a 200-day moving average of $63.88. The firm has a market capitalization of $8.46 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

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, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro's payout ratio 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.