Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 215.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 271,794 shares of the company’s stock after acquiring an additional 185,705 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hasbro were worth $13,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in Hasbro in the third quarter valued at $1,250,000. Janney Montgomery Scott LLC lifted its stake in shares of Hasbro by 6.5% during the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock worth $3,133,000 after purchasing an additional 2,875 shares in the last quarter. Albion Financial Group UT lifted its stake in shares of Hasbro by 105.7% during the third quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock worth $3,885,000 after purchasing an additional 30,192 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Hasbro by 125.3% during the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock worth $1,839,000 after purchasing an additional 15,466 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Hasbro by 2,610.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock worth $2,871,000 after purchasing an additional 41,812 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $54.94 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The business’s 50-day simple moving average is $53.30 and its 200 day simple moving average is $51.20.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm’s quarterly revenue was down 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. Research analysts forecast that Hasbro, Inc. will post 3.25 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -26.12%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America boosted their price objective on Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday. DA Davidson restated a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Finally, StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.60.

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.