Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Hasbro, Inc. (NASDAQ:HAS)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 132.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,600 shares of the company's stock after buying an additional 37,901 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Hasbro were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. EntryPoint Capital LLC bought a new stake in Hasbro during the fourth quarter valued at $599,000. Vanguard Group Inc. lifted its holdings in shares of Hasbro by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after acquiring an additional 404,527 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Hasbro by 13.9% in the 4th quarter. LPL Financial LLC now owns 73,579 shares of the company's stock valued at $4,114,000 after purchasing an additional 8,962 shares in the last quarter. Fox Run Management L.L.C. raised its position in Hasbro by 523.2% in the 4th quarter. Fox Run Management L.L.C. now owns 32,457 shares of the company's stock worth $1,815,000 after purchasing an additional 27,249 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Hasbro in the fourth quarter worth $1,504,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HAS. DA Davidson raised their price target on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Finally, Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.22.

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Hasbro Stock Up 0.9 %

Shares of HAS traded up $0.55 during midday trading on Wednesday, hitting $62.69. 962,504 shares of the company's stock traded hands, compared to its average volume of 1,611,356. Hasbro, Inc. has a 1 year low of $54.26 and a 1 year high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm's fifty day moving average is $61.34 and its 200-day moving average is $63.42.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The company 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, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared 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 4.47%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio is presently 101.82%.

Hasbro Company 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.