UBS Asset Management Americas Inc. grew its holdings in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 931,170 shares of the company’s stock after acquiring an additional 49,488 shares during the period. UBS Asset Management Americas Inc. owned about 0.67% of Hasbro worth $62,779,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. London Co. of Virginia grew its stake in shares of Hasbro by 90.6% during the second quarter. London Co. of Virginia now owns 2,413,415 shares of the company’s stock worth $197,611,000 after purchasing an additional 1,147,196 shares in the last quarter. Sachem Head Capital Management LP purchased a new stake in Hasbro in the second quarter valued at $50,766,000. Crawford Investment Counsel Inc. lifted its position in Hasbro by 238.2% in the second quarter. Crawford Investment Counsel Inc. now owns 833,492 shares of the company’s stock valued at $68,247,000 after acquiring an additional 587,047 shares during the last quarter. AQR Capital Management LLC lifted its position in Hasbro by 81.5% in the second quarter. AQR Capital Management LLC now owns 1,187,685 shares of the company’s stock valued at $97,200,000 after acquiring an additional 533,386 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hasbro by 3.5% in the third quarter. Vanguard Group Inc. now owns 15,142,015 shares of the company’s stock valued at $1,020,875,000 after buying an additional 508,345 shares during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.
Hasbro Stock Down 3.9 %
HAS stock opened at $49.21 on Monday. The company’s 50 day simple moving average is $59.75 and its 200-day simple moving average is $64.17. The firm has a market capitalization of $6.80 billion, a PE ratio of 33.71, a P/E/G ratio of 3.35 and a beta of 0.76. Hasbro, Inc. has a 12 month low of $48.68 and a 12 month high of $94.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.37 and a quick ratio of 1.06.
Hasbro Announces Dividend
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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a $2.80 dividend on an annualized basis and a yield of 5.69%. Hasbro’s dividend payout ratio (DPR) is currently 191.78%.
Analyst Upgrades and Downgrades
HAS has been the subject of a number of research reports. DA Davidson reduced their target price on shares of Hasbro from $95.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 17th. BMO Capital Markets reduced their target price on shares of Hasbro from $74.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, January 4th. Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Friday, February 17th. Stifel Nicolaus cut their price target on shares of Hasbro from $84.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. Finally, Truist Financial cut their price target on shares of Hasbro from $70.00 to $62.00 in a report on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.36.
About Hasbro
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.
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