Legal & General Group Plc Has $13.96 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Legal & General Group Plc raised its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,715 shares of the company's stock after acquiring an additional 8,598 shares during the quarter. Legal & General Group Plc owned approximately 0.18% of Hasbro worth $13,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock valued at $914,599,000 after acquiring an additional 404,527 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Invesco Ltd. increased its holdings in Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Pacer Advisors Inc. increased its stake 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 during the period. Finally, Norges Bank purchased a new position in shares of Hasbro in the 4th quarter valued at about $96,359,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday. Stifel Nicolaus decreased 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. DA Davidson upgraded Hasbro to a "hold" rating in a research report on Monday, April 14th. Finally, Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $80.22.

Hasbro Stock Performance

Shares of HAS traded up $0.77 during trading hours on Friday, reaching $52.65. 1,446,517 shares of the company's stock traded hands, compared to its average volume of 1,657,938. The business's fifty day simple moving average is $59.88 and its two-hundred day simple moving average is $61.72. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Analysts predict 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. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend 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%.

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.