Amundi Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Amundi lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 106.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 819,961 shares of the company’s stock after purchasing an additional 423,249 shares during the period. Amundi’s holdings in Hasbro were worth $46,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the period. American Trust purchased a new position in Hasbro during the 3rd quarter valued at about $634,000. Quest Partners LLC lifted its position in Hasbro by 972.6% during the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after acquiring an additional 26,337 shares during the period. Larson Financial Group LLC lifted its position in Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after acquiring an additional 799 shares during the period. Finally, Capital Wealth Management LLC purchased a new position in Hasbro during the 4th quarter valued at about $496,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hasbro Stock Down 1.7 %

HAS opened at $61.86 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a 50 day moving average price of $60.31 and a 200-day moving average price of $64.14. Hasbro, Inc. has a twelve month low of $52.47 and a twelve month high of $73.46. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.60 and a beta of 0.51.

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

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. Hasbro’s dividend payout ratio is currently 101.82%.

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.