National Bank of Canada FI Acquires 23,687 Shares of Hasbro, Inc. (NASDAQ:HAS)

National Bank of Canada FI lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 39.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,474 shares of the company's stock after purchasing an additional 23,687 shares during the period. National Bank of Canada FI owned approximately 0.06% of Hasbro worth $5,194,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HAS. Commerce Bank raised its stake in Hasbro by 1.2% in the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings 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 valued at $41,000 after purchasing an additional 178 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after purchasing an additional 186 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Hasbro by 16.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after purchasing an additional 205 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Hasbro by 0.9% during the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company's stock worth $1,708,000 after acquiring an additional 247 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAS. UBS Group boosted their price target on shares of Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Roth Capital upped their target price on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley increased their price target on shares of Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Citigroup increased their price target on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.42.

Hasbro Price Performance

Shares of Hasbro stock traded up $0.59 on Friday, reaching $81.14. The stock had a trading volume of 1,498,930 shares, compared to its average volume of 2,597,188. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $81.31. The company has a market cap of $11.38 billion, a P/E ratio of -19.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The business's 50 day moving average is $74.74 and its two-hundred day moving average is $65.76.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

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.