Royal Bank of Canada Has $48.56 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Royal Bank of Canada lifted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 67.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 868,516 shares of the company's stock after acquiring an additional 350,596 shares during the quarter. Royal Bank of Canada owned approximately 0.62% of Hasbro worth $48,560,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in HAS. Parvin Asset Management LLC acquired a new position in shares of Hasbro during the 4th quarter worth $25,000. Allworth Financial LP increased its stake in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after purchasing an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro during the 4th quarter worth $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro during the 4th quarter worth $44,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HAS. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. 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 report on Friday, April 25th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $81.25.

Hasbro Price Performance

Shares of NASDAQ:HAS traded up $1.25 during midday trading on Tuesday, reaching $67.08. 162,579 shares of the company's stock were exchanged, compared to its average volume of 1,716,220. The company's 50 day simple moving average is $59.52 and its two-hundred day simple moving average is $60.38. The firm has a market capitalization of $9.40 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

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

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

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.