422,519 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 422,519 shares of the company's stock, valued at approximately $23,623,000. Raymond James Financial Inc. owned about 0.30% of Hasbro at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HAS. Arizona State Retirement System lifted its position in Hasbro by 0.9% in the fourth quarter. Arizona State Retirement System now owns 38,433 shares of the company's stock valued at $2,149,000 after purchasing an additional 351 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at approximately $957,000. M&T Bank Corp grew its holdings in Hasbro by 5.9% during the fourth quarter. M&T Bank Corp now owns 9,992 shares of the company's stock worth $559,000 after acquiring an additional 557 shares during the period. Assetmark Inc. raised its position in Hasbro by 4.5% in the fourth quarter. Assetmark Inc. now owns 31,634 shares of the company's stock worth $1,769,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Hasbro by 819.5% in the fourth quarter. Victory Capital Management Inc. now owns 193,934 shares of the company's stock valued at $10,843,000 after acquiring an additional 172,843 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research analyst reports. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley restated 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. Finally, DA Davidson boosted their target price on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.22.

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Hasbro Price Performance

Shares of HAS traded up $0.62 during trading hours on Wednesday, reaching $60.58. 983,406 shares of the company traded hands, compared to its average volume of 1,617,145. The stock has a market capitalization of $8.45 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock has a fifty day simple moving average of $60.55 and a 200 day simple moving average of $63.88. Hasbro, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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. The business had revenue of $1.10 billion during 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%. As a group, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal 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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's dividend payout ratio 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.