National Bank of Canada FI Purchases 8,191 Shares of Hasbro, Inc. (NASDAQ:HAS)

National Bank of Canada FI lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,787 shares of the company's stock after purchasing an additional 8,191 shares during the period. National Bank of Canada FI's holdings in Hasbro were worth $3,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HAS. Franklin Resources Inc. grew its stake in Hasbro by 962.6% in the 4th quarter. Franklin Resources Inc. now owns 201,238 shares of the company's stock valued at $11,251,000 after purchasing an additional 182,300 shares during the period. Wellington Management Group LLP grew its position in Hasbro by 27.7% during the fourth quarter. Wellington Management Group LLP now owns 54,403 shares of the company's stock valued at $3,042,000 after buying an additional 11,811 shares during the period. Alerus Financial NA increased its holdings in Hasbro by 2.1% during the fourth quarter. Alerus Financial NA now owns 86,276 shares of the company's stock worth $4,824,000 after buying an additional 1,764 shares during the last quarter. Level Four Advisory Services LLC raised its position in Hasbro by 7.2% in the fourth quarter. Level Four Advisory Services LLC now owns 4,387 shares of the company's stock worth $245,000 after acquiring an additional 293 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in Hasbro by 2.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 33,454 shares of the company's stock valued at $1,870,000 after acquiring an additional 892 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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Hasbro Price Performance

Hasbro stock traded up $1.04 during midday trading on Friday, reaching $52.04. 1,826,030 shares of the stock were exchanged, compared to its average volume of 1,653,192. The company's fifty day moving average is $60.56 and its 200-day moving average is $62.33. 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 52 week low of $49.00 and a 52 week high of $73.46. The firm has a market cap of $7.26 billion, a PE ratio of 18.92, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 5.38%. Hasbro's payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HAS shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Stifel Nicolaus dropped their price target 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 increased their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Finally, DA Davidson lifted their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.22.

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.