Hasbro, Inc. (NASDAQ:HAS) Position Boosted by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 67.7% during the 4th quarter, HoldingsChannel reports. The fund owned 868,516 shares of the company’s stock after purchasing an additional 350,596 shares during the period. Royal Bank of Canada’s holdings in Hasbro were worth $48,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in shares of Hasbro in the 4th quarter valued at approximately $25,000. Allworth Financial LP grew its stake in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after buying an additional 178 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro in the 4th quarter valued at approximately $43,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Hasbro in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HAS. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Monness Crespi & Hardt raised Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. StockNews.com cut Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Citigroup raised Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.89.

Hasbro Stock Down 3.0%

Shares of HAS stock opened at $66.28 on Thursday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The firm has a market cap of $9.29 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The stock has a 50 day moving average of $59.18 and a 200-day moving average of $60.43. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

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.