Deutsche Bank AG Has $79.31 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Deutsche Bank AG lifted its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 15.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,289,843 shares of the company's stock after purchasing an additional 170,749 shares during the period. Deutsche Bank AG owned 0.92% of Hasbro worth $79,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC bought a new position in shares of Hasbro in the 4th quarter worth $25,000. Sentry Investment Management LLC bought a new position in Hasbro during the first quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Hasbro during the fourth quarter worth about $43,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Up 2.6%

Shares of NASDAQ:HAS traded up $2.07 during midday trading on Wednesday, reaching $80.32. The company had a trading volume of 3,413,260 shares, compared to its average volume of 2,074,990. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The business's 50 day moving average price is $74.13 and its 200 day moving average price is $65.45. The stock has a market cap of $11.26 billion, a PE ratio of -19.78, a P/E/G ratio of 1.02 and a beta of 0.60. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $80.42.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. Hasbro's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Research analysts forecast 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 will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Hasbro's payout ratio is currently -68.97%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Monness Crespi & Hardt lifted their target price on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America lifted their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Finally, Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.42.

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.