Natixis Advisors LLC Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Natixis Advisors LLC reduced its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 364,188 shares of the company's stock after selling 110,155 shares during the quarter. Natixis Advisors LLC owned about 0.26% of Hasbro worth $20,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hasbro by 40.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after buying an additional 426,130 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after buying an additional 5,778 shares during the last quarter. Amundi increased its position in shares of Hasbro by 106.7% during the fourth quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after acquiring an additional 423,249 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Hasbro by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company's stock worth $58,210,000 after acquiring an additional 97,039 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

HAS has been the subject of a number of analyst reports. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.22.

Hasbro Stock Performance

HAS traded up $0.19 during midday trading on Friday, reaching $60.57. The company had a trading volume of 5,505,495 shares, compared to its average volume of 1,569,158. Hasbro, Inc. has a 12-month low of $54.05 and a 12-month high of $73.46. The business has a 50-day moving average price of $60.76 and a two-hundred day moving average price of $63.78. The stock has a market cap of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. 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 (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company 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 was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. Hasbro's payout ratio is 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.