Castlekeep Investment Advisors LLC Invests $741,000 in Hasbro, Inc. (NASDAQ:HAS)

Castlekeep Investment Advisors LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,251 shares of the company's stock, valued at approximately $741,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Baird Financial Group Inc. raised its position in shares of Hasbro by 96.1% in the 4th quarter. Baird Financial Group Inc. now owns 4,071 shares of the company's stock valued at $228,000 after acquiring an additional 1,995 shares during the period. Bayesian Capital Management LP bought a new stake in Hasbro in the fourth quarter valued at approximately $246,000. BNP Paribas Financial Markets raised its holdings in Hasbro by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 250,354 shares of the company's stock worth $13,997,000 after purchasing an additional 77,922 shares during the period. AXA S.A. boosted its position in shares of Hasbro by 2.0% during the fourth quarter. AXA S.A. now owns 42,413 shares of the company's stock worth $2,371,000 after purchasing an additional 829 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after buying an additional 178 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

HAS has been the subject of a number of research analyst reports. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. DA Davidson raised shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Friday, April 25th. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus price target of $79.89.

Hasbro Stock Performance

Shares of HAS traded down $0.30 during midday trading on Friday, reaching $61.48. The stock had a trading volume of 1,335,130 shares, compared to its average volume of 1,694,711. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $60.42. The firm has a market cap of $8.60 billion, a PE ratio of 22.36, a P/E/G ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The business's revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio is 92.41%.

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.