Ensign Peak Advisors Inc Boosts Position in Hasbro, Inc. (NASDAQ:HAS)

Ensign Peak Advisors Inc boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,585 shares of the company’s stock after purchasing an additional 41,119 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Hasbro worth $4,897,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after acquiring an additional 404,527 shares in the last quarter. Geode Capital Management LLC increased its stake in Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. increased its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HAS shares. Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. DA Davidson upgraded Hasbro to a “hold” rating in a research note on Monday, April 14th. Citigroup upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, April 25th. StockNews.com lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two investment 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 company’s stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.89.

Hasbro Price Performance

HAS stock opened at $65.21 on Thursday. 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, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The firm has a market cap of $9.14 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The stock has a 50-day simple moving average of $58.61 and a 200-day simple moving average of $60.38.

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

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, May 21st. Hasbro’s dividend payout ratio is currently 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.