Victory Capital Management Inc. Has $10.84 Million Stake in Hasbro, Inc. (NASDAQ:HAS)

Victory Capital Management Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 819.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,934 shares of the company's stock after acquiring an additional 172,843 shares during the quarter. Victory Capital Management Inc. owned 0.14% of Hasbro worth $10,843,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company's stock worth $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA lifted its holdings in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after purchasing an additional 166 shares during the last quarter. Keybank National Association OH boosted its stake in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after purchasing an additional 180 shares during the period. Principal Securities Inc. grew its holdings in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after buying an additional 208 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock worth $225,000 after buying an additional 210 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Roth Mkm increased 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, February 21st. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and a consensus price target of $80.22.

Remove Ads

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $59.30 on Friday. The company's 50 day simple moving average is $60.37 and its 200 day simple moving average is $64.10. 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 1 year low of $52.47 and a 1 year high of $73.46. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.72%. Hasbro's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.