Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 155.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,292 shares of the company's stock after buying an additional 20,853 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Hasbro were worth $1,751,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. abrdn plc raised its holdings in Hasbro by 13.0% during the fourth quarter. abrdn plc now owns 502,037 shares of the company's stock worth $25,634,000 after buying an additional 57,741 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Hasbro by 31.6% in the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company's stock worth $162,801,000 after acquiring an additional 765,898 shares during the last quarter. Cornerstone Investment Partners LLC raised its holdings in shares of Hasbro by 23.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 606,128 shares of the company's stock worth $30,949,000 after acquiring an additional 116,897 shares during the last quarter. Xponance Inc. boosted its stake in Hasbro by 4.1% during the 4th quarter. Xponance Inc. now owns 32,008 shares of the company's stock valued at $1,634,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in Hasbro during the 4th quarter valued at about $53,000. Institutional investors own 91.83% of the company's stock.
Wall Street Analyst Weigh In
HAS has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. TheStreet lowered shares of Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Roth Mkm boosted their target price on Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, April 15th. Finally, Bank of America lifted their price target on Hasbro from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $65.73.
Check Out Our Latest Stock Report on HAS
Hasbro Price Performance
Shares of Hasbro stock traded down $0.06 during trading on Thursday, hitting $64.97. 2,372,900 shares of the stock traded hands, compared to its average volume of 1,782,236. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of -6.06, a PEG ratio of 1.01 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57. The firm's fifty day moving average is $53.88 and its 200-day moving average is $51.05.
Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million during the quarter, compared to analysts' expectations of $739.84 million. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm's revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. Research analysts expect that Hasbro, Inc. will post 3.26 EPS for the current fiscal year.
Hasbro Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, April 30th. Hasbro's dividend payout ratio (DPR) is -26.12%.
Hasbro Company Profile
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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.
Further Reading
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