Alerus Financial NA Purchases 1,764 Shares of Hasbro, Inc. (NASDAQ:HAS)

Alerus Financial NA boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,276 shares of the company’s stock after purchasing an additional 1,764 shares during the period. Alerus Financial NA owned approximately 0.06% of Hasbro worth $4,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Level Four Advisory Services LLC raised its stake in shares of Hasbro by 7.2% during the fourth quarter. Level Four Advisory Services LLC now owns 4,387 shares of the company’s stock valued at $245,000 after acquiring an additional 293 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Hasbro by 2.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 33,454 shares of the company’s stock valued at $1,870,000 after purchasing an additional 892 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Hasbro by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,638 shares of the company’s stock worth $203,000 after buying an additional 271 shares during the period. Norges Bank purchased a new position in shares of Hasbro during the fourth quarter valued at $96,359,000. Finally, Blair William & Co. IL raised its holdings in shares of Hasbro by 1.0% in the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock valued at $1,081,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. Roth Mkm raised 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. DA Davidson boosted 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. Finally, Stifel Nicolaus lowered their price target on shares of 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 company’s stock. According to data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

NASDAQ HAS opened at $61.38 on Friday. Hasbro, Inc. has a fifty-two week low of $54.26 and a fifty-two week high of $73.46. The firm has a market capitalization of $8.56 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock’s fifty day moving average is $61.11 and its two-hundred day moving average is $63.61. 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 (NASDAQ:HAS) last released its quarterly 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. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.