Fmr LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 48.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 657,277 shares of the company’s stock after selling 618,333 shares during the period. Fmr LLC owned approximately 0.53% of Hasbro worth $51,129,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAS. State Street Corp increased its stake in shares of Hasbro by 5.5% in the fourth quarter. State Street Corp now owns 4,963,557 shares of the company’s stock valued at $386,116,000 after buying an additional 259,928 shares during the period. Capital World Investors increased its stake in shares of Hasbro by 38.9% in the third quarter. Capital World Investors now owns 4,893,373 shares of the company’s stock valued at $388,191,000 after buying an additional 1,371,500 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hasbro by 17.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,739,144 shares of the company’s stock valued at $375,956,000 after buying an additional 707,510 shares during the period. Wells Fargo & Company MN increased its stake in shares of Hasbro by 12.0% in the third quarter. Wells Fargo & Company MN now owns 2,395,857 shares of the company’s stock valued at $190,062,000 after buying an additional 256,025 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Hasbro by 4.0% in the third quarter. Northern Trust Corp now owns 2,089,422 shares of the company’s stock valued at $165,753,000 after buying an additional 80,219 shares during the period. Institutional investors own 79.72% of the company’s stock.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) opened at 100.55 on Tuesday. The firm has a market capitalization of $12.50 billion, a PE ratio of 23.17 and a beta of 0.77. The stock’s 50 day moving average price is $95.09 and its 200 day moving average price is $85.38. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $101.08.

Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, February 6th. The company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.37. Hasbro had a return on equity of 33.18% and a net margin of 10.98%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post $4.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $2.28 dividend on an annualized basis and a yield of 2.27%. This is a boost from Hasbro’s previous quarterly dividend of $0.51. Hasbro’s dividend payout ratio (DPR) is presently 47.00%.

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HAS has been the topic of several recent research reports. Citigroup Inc upped their price target on Hasbro from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Jefferies Group LLC restated a “hold” rating and set a $82.00 price target on shares of Hasbro in a report on Tuesday, January 31st. Monness Crespi & Hardt downgraded Hasbro from a “buy” rating to a “neutral” rating and upped their price target for the stock from $84.00 to $86.76 in a report on Thursday, January 26th. Barclays PLC upped their price target on Hasbro from $87.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 7th. Finally, Stifel Nicolaus upped their price target on Hasbro from $81.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.17.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

5 Day Chart for NASDAQ:HAS

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