Zurcher Kantonalbank Zurich Cantonalbank Has $1.82 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,479 shares of the company’s stock after acquiring an additional 4,653 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hasbro were worth $1,816,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HAS. Allworth Financial LP boosted its position in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after acquiring an additional 263 shares during the period. True Wealth Design LLC acquired a new stake in Hasbro during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in Hasbro during the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $45,000. Finally, Huntington National Bank lifted its holdings in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 0.7 %

Shares of HAS stock opened at $60.22 on Tuesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $63.93. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a twelve month low of $52.95 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.65%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAS. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.