Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,479 shares of the company's stock after buying an additional 4,653 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Hasbro were worth $1,816,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the period. Bank of New York Mellon Corp increased its stake in Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock worth $83,068,000 after buying an additional 426,130 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after buying an additional 5,778 shares in the last quarter. Amundi increased its stake in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after buying an additional 423,249 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Hasbro by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company's stock worth $58,210,000 after buying an additional 97,039 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on HAS shares. DA Davidson boosted their price objective on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.22.

Hasbro Trading Up 0.3 %

HAS traded up $0.19 during trading hours on Friday, reaching $60.57. The company's stock had a trading volume of 5,496,354 shares, compared to its average volume of 1,572,332. Hasbro, Inc. has a fifty-two week low of $54.05 and a fifty-two week high of $73.46. The stock has a market cap of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The business's 50-day moving average is $60.69 and its 200-day moving average is $63.83. 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 (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. As a group, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company 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 yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is 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.