7,875 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Woodline Partners LP

Woodline Partners LP bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,875 shares of the company's stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hasbro during the fourth quarter worth about $540,000. Polymer Capital Management US LLC acquired a new position in Hasbro during the fourth quarter worth about $502,000. Jones Financial Companies Lllp boosted its position in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after acquiring an additional 2,426 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after acquiring an additional 5,778 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Hasbro by 38.2% during the fourth quarter. Van ECK Associates Corp now owns 105,201 shares of the company's stock worth $5,882,000 after acquiring an additional 29,066 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Trading Down 0.1%

NASDAQ:HAS traded down $0.05 on Friday, hitting $66.75. The stock had a trading volume of 2,145,385 shares, compared to its average volume of 1,670,564. The company has a fifty day moving average price of $60.00 and a two-hundred day moving average price of $60.48. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.60 and a beta of 0.54.

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

Hasbro Announces Dividend

The business 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 $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.19%. Hasbro's dividend payout ratio is currently 92.41%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HAS shares. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price target on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup upgraded 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. DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $80.38.

About Hasbro

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.