422,519 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 422,519 shares of the company’s stock, valued at approximately $23,623,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Mizuho Securities USA LLC increased its position in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after buying an additional 989,906 shares in the last quarter. Bank of New York Mellon Corp increased its position in Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after buying an additional 426,130 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after buying an additional 369,744 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Hasbro by 882.9% during the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock worth $22,410,000 after buying an additional 360,039 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAS. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

HAS stock opened at $59.79 on Friday. The stock has a 50-day moving average price of $60.43 and a two-hundred day moving average price of $64.02. Hasbro, Inc. has a 12-month low of $52.61 and a 12-month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market cap of $8.34 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio is presently 101.82%.

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.