Deutsche Bank AG Raises Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Deutsche Bank AG increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,119,094 shares of the company's stock after buying an additional 242,201 shares during the period. Deutsche Bank AG owned about 0.80% of Hasbro worth $62,569,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HAS. Principal Financial Group Inc. increased its stake in Hasbro by 3.9% in the third quarter. Principal Financial Group Inc. now owns 153,904 shares of the company's stock valued at $11,130,000 after purchasing an additional 5,771 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Hasbro by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company's stock worth $797,000 after purchasing an additional 259 shares in the last quarter. Czech National Bank raised its holdings in Hasbro by 6.6% in the fourth quarter. Czech National Bank now owns 28,447 shares of the company's stock valued at $1,590,000 after buying an additional 1,753 shares during the period. FNY Investment Advisers LLC grew its stake in Hasbro by 59.0% during the fourth quarter. FNY Investment Advisers LLC now owns 6,200 shares of the company's stock worth $346,000 after buying an additional 2,300 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Hasbro in the fourth quarter worth $5,727,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Hasbro stock opened at $65.56 on Tuesday. 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 company has a fifty day moving average price of $58.54 and a two-hundred day moving average price of $60.31. The company has a market cap of $9.19 billion, a PE ratio of 23.84, a P/E/G ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the previous year, the business posted $0.61 EPS. The company's quarterly revenue was up 17.1% on a year-over-year basis. Research analysts expect 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 will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Analyst Ratings Changes

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

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.

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