Massachusetts Financial Services Co. MA Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Massachusetts Financial Services Co. MA increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,111,234 shares of the company's stock after purchasing an additional 306,346 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.80% of Hasbro worth $62,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after buying an additional 2,779,877 shares during the last quarter. Norges Bank bought a new stake in Hasbro in the fourth quarter valued at approximately $96,359,000. Bank of New York Mellon Corp increased its position in Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after purchasing an additional 426,130 shares during the period. Amundi raised its holdings in Hasbro by 106.7% during the 4th 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. Finally, Raymond James Financial Inc. acquired a new position in shares of Hasbro in the 4th quarter worth approximately $23,623,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HAS shares. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Roth Mkm raised their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley reissued 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hasbro has a consensus rating of "Moderate Buy" and an average price target of $80.22.

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Hasbro Stock Performance

Shares of NASDAQ HAS traded down $4.81 during trading on Thursday, reaching $50.37. 571,367 shares of the stock traded hands, compared to its average volume of 1,644,452. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a market capitalization of $7.03 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The company has a 50-day moving average of $60.77 and a 200-day moving average of $62.61.

Hasbro (NASDAQ:HAS - Get Free Report) last released 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 5.56%. Hasbro's dividend payout ratio is currently 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.