1,723,463 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Norges Bank

Norges Bank bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,723,463 shares of the company’s stock, valued at approximately $96,359,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. Allworth Financial LP boosted its position in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the period. 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 Hasbro during the 3rd quarter worth about $45,000. Principal Securities Inc. grew its stake in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Hasbro by 225.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $151,000 after purchasing an additional 1,873 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of Hasbro stock opened at $62.14 on Wednesday. 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 firm has a fifty day simple moving average of $61.34 and a 200-day simple moving average of $63.42. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1-year low of $54.26 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share 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 4.51%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (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. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. 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. Finally, Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus 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.