Renaissance Technologies LLC Has $12.26 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Renaissance Technologies LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 80.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,344 shares of the company's stock after acquiring an additional 98,044 shares during the quarter. Renaissance Technologies LLC owned 0.16% of Hasbro worth $12,264,000 at the end of the most recent quarter.

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

Hasbro Stock Performance

HAS traded up $0.77 during trading hours on Friday, hitting $52.65. 1,446,517 shares of the stock were exchanged, compared to its average volume of 1,657,938. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The stock has a 50-day simple moving average of $59.88 and a 200-day simple moving average of $61.72. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

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 dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 5.32%. Hasbro's dividend payout ratio is currently 101.82%.

Wall Street Analysts Forecast Growth

HAS has been the topic of several analyst reports. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday. DA Davidson raised Hasbro to a "hold" rating in a research note on Monday, April 14th. Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. 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 research note on Friday, February 21st. Finally, Morgan Stanley restated an "overweight" rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.