Hasbro, Inc. (NASDAQ:HAS) Shares Bought by abrdn plc

abrdn plc boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,037 shares of the company's stock after purchasing an additional 57,741 shares during the period. abrdn plc owned about 0.36% of Hasbro worth $25,634,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new position in Hasbro during the 3rd quarter valued at about $1,250,000. Janney Montgomery Scott LLC boosted its position in Hasbro by 6.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company's stock valued at $3,133,000 after acquiring an additional 2,875 shares in the last quarter. Albion Financial Group UT boosted its position in Hasbro by 105.7% during the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company's stock valued at $3,885,000 after acquiring an additional 30,192 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Hasbro by 125.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company's stock valued at $1,839,000 after acquiring an additional 15,466 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Hasbro by 2,610.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company's stock valued at $2,871,000 after acquiring an additional 41,812 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America lifted their price objective on Hasbro from $51.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, April 18th. DA Davidson reissued a "neutral" rating and issued a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. Stifel Nicolaus boosted their price target on Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. Roth Mkm boosted their price target on Hasbro from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group boosted their price target on Hasbro from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hasbro has a consensus rating of "Hold" and an average price target of $62.80.

Hasbro Stock Up 11.9 %

HAS stock traded up $6.89 during midday trading on Wednesday, hitting $65.03. The company's stock had a trading volume of 7,251,611 shares, compared to its average volume of 1,774,753. The company has a market cap of $9.03 billion, a PE ratio of -6.09, a P/E/G ratio of 0.97 and a beta of 0.74. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The firm's 50-day moving average is $53.64 and its 200-day moving average is $50.95.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analysts' expectations of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm's quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post 3.26 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.31%. Hasbro's dividend payout ratio is presently -26.12%.

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.