Russell Investments Group Ltd. Raises Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Russell Investments Group Ltd. increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 186.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,753 shares of the company's stock after purchasing an additional 62,315 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Hasbro worth $5,354,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Hasbro by 14.3% in the third quarter. FMR LLC now owns 13,867 shares of the company's stock worth $1,003,000 after purchasing an additional 1,730 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Hasbro by 31.2% during the third quarter. HighTower Advisors LLC now owns 11,814 shares of the company's stock worth $855,000 after acquiring an additional 2,810 shares during the period. Wellington Management Group LLP bought a new stake in shares of Hasbro during the third quarter valued at approximately $3,080,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hasbro by 12.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,367 shares of the company's stock valued at $244,000 after purchasing an additional 379 shares during the period. Finally, M&T Bank Corp grew its stake in Hasbro by 4.2% in the third quarter. M&T Bank Corp now owns 9,435 shares of the company's stock worth $682,000 after purchasing an additional 378 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HAS shares. DA Davidson upgraded Hasbro to a "hold" rating in a report on Monday, April 14th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday. Roth Mkm lifted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of "Moderate Buy" and a consensus target price of $80.22.

Hasbro Stock Up 1.5 %

HAS stock traded up $0.77 on Friday, hitting $52.65. 1,446,517 shares of the company's stock were exchanged, compared to its average volume of 1,657,938. The firm has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $61.72. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The stock has a market cap of $7.37 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion during 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%. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 5.32%. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

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.