Wealthfront Advisers LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Wealthfront Advisers LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 9,544 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its holdings in shares of Hasbro by 42.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 27,462 shares of the company’s stock valued at $1,536,000 after purchasing an additional 8,198 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hasbro by 16.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,479 shares of the company’s stock valued at $1,816,000 after acquiring an additional 4,653 shares during the period. CM Management LLC acquired a new position in shares of Hasbro in the 4th quarter valued at $1,118,000. Amundi increased its position in shares of Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after acquiring an additional 423,249 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Hasbro in the 4th quarter valued at $570,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $59.79 on Monday. The business’s 50-day moving average is $60.43 and its two-hundred day moving average is $63.99. The company has a market capitalization of $8.34 billion, a P/E ratio of 21.74, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a fifty-two week low of $52.61 and a fifty-two week high of $73.46.

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

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given 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 was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Analysts Set New Price Targets

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

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.