Raymond James Financial Inc. Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Raymond James Financial Inc. bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 422,519 shares of the company's stock, valued at approximately $23,623,000. Raymond James Financial Inc. owned about 0.30% of Hasbro as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. Allworth Financial LP grew its stake in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro during the third quarter worth approximately $45,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Hasbro during the 4th quarter valued at $44,000. Principal Securities Inc. raised its stake in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after buying an additional 208 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Hasbro in the 4th quarter valued at approximately $123,000. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAS has been the topic of several research reports. Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson upgraded Hasbro to a "hold" rating in a research report on Monday, April 14th. Stifel Nicolaus reduced their price target 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. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average price target of $80.22.

Hasbro Trading Up 1.3 %

NASDAQ HAS traded up $0.68 during trading on Wednesday, hitting $52.78. The stock had a trading volume of 2,701,108 shares, compared to its average volume of 1,801,569. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 0.60 and a beta of 0.51. The stock has a 50 day simple moving average of $59.55 and a 200 day simple moving average of $61.37.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio is currently 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.