Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 164.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,696 shares of the company's stock after acquiring an additional 7,276 shares during the period. Mackenzie Financial Corp's holdings in Hasbro were worth $654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in shares of Hasbro in the fourth quarter valued at $25,000. Allworth Financial LP grew its position in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of Hasbro in the fourth quarter valued at $44,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 1.7%

Shares of NASDAQ:HAS traded up $1.08 during trading on Friday, hitting $66.26. The company's stock had a trading volume of 212,233 shares, compared to its average volume of 1,657,139. 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, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The stock's 50-day moving average price is $60.33 and its two-hundred day moving average price is $60.60. The company has a market capitalization of $9.29 billion, a PE ratio of 24.09, a PEG ratio of 0.60 and a beta of 0.54.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Morgan Stanley upped their target price on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Finally, Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $80.38.

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.