Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 38.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,201 shares of the company's stock after buying an additional 29,066 shares during the quarter. Van ECK Associates Corp owned approximately 0.08% of Hasbro worth $5,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. International Assets Investment Management LLC boosted its stake in shares of Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company's stock worth $40,950,000 after purchasing an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the third quarter worth approximately $18,163,000. Charles Schwab Investment Management Inc. grew its stake in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company's stock worth $85,629,000 after acquiring an additional 8,270 shares during the period. American Trust acquired a new position in Hasbro in the 3rd quarter valued at $634,000. Finally, Quest Partners LLC raised its holdings in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company's stock valued at $2,101,000 after acquiring an additional 26,337 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HAS. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Morgan Stanley reissued an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday. Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Finally, Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.00.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company's stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.82% of the stock is owned by insiders.

Hasbro Trading Down 2.2 %

Shares of NASDAQ HAS traded down $1.50 during midday trading on Friday, hitting $67.56. The stock had a trading volume of 3,172,369 shares, compared to its average volume of 1,509,510. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of -14.56, a PEG ratio of 0.53 and a beta of 0.64. The company has a fifty day moving average price of $58.31 and a 200 day moving average price of $64.17.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. On average, analysts predict that Hasbro, Inc. will post 3.88 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. Hasbro's dividend payout ratio (DPR) is -60.34%.

About Hasbro

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.