UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 596,545 shares of the company's stock after acquiring an additional 41,016 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of Hasbro worth $33,353,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of HAS. Vanguard Group Inc. boosted its position in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after acquiring an additional 404,527 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.
Hasbro Stock Down 0.1%
Hasbro stock traded down $0.05 during midday trading on Friday, hitting $66.75. 2,145,385 shares of the company were exchanged, compared to its average volume of 1,670,564. The company's fifty day moving average price is $60.00 and its 200-day moving average price is $60.50. The company has a market cap of $9.35 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. 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 fifty-two week low of $49.00 and a fifty-two week high of $73.46.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $770.60 million. During the same period in the previous year, the company posted $0.61 earnings per share. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. On average, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.
Hasbro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.19%. Hasbro's dividend payout ratio is currently 92.41%.
Wall Street Analyst Weigh In
HAS has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. 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 shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hasbro currently has an average rating of "Buy" and an average target price of $80.38.
Check Out Our Latest Research Report on Hasbro
About Hasbro
(
Free Report)
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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