Raymond James Financial Inc. Takes $23.62 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Raymond James Financial Inc. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 422,519 shares of the company’s stock, valued at approximately $23,623,000. Raymond James Financial Inc. owned 0.30% of Hasbro at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. American Trust bought a new stake in shares of Hasbro in the 3rd quarter worth approximately $634,000. Jones Financial Companies Lllp increased its stake in Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after acquiring an additional 2,426 shares during the period. Polymer Capital Management US LLC acquired a new position in Hasbro in the fourth quarter worth about $502,000. Capital Wealth Management LLC bought a new position in Hasbro during the fourth quarter worth about $496,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Hasbro during the fourth quarter valued at approximately $540,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS stock opened at $52.65 on Friday. The company has a 50 day moving average price of $59.88 and a 200 day moving average price of $61.72. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a market capitalization of $7.37 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. DA Davidson raised Hasbro to a “hold” rating in a report on Monday, April 14th. StockNews.com cut Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday. Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.22.

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.