Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Hasbro, Inc. (NASDAQ:HAS)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 155.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,292 shares of the company’s stock after acquiring an additional 20,853 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hasbro were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HAS. Bank of New York Mellon Corp lifted its position in shares of Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after acquiring an additional 1,423,517 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Hasbro by 176.0% in the third quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after acquiring an additional 836,474 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Hasbro by 31.6% in the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after purchasing an additional 765,898 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Hasbro by 39.7% in the third quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock worth $83,052,000 after purchasing an additional 356,718 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Hasbro by 154.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 329,672 shares of the company’s stock worth $21,805,000 after purchasing an additional 199,900 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Up 11.9 %

Shares of NASDAQ HAS opened at $65.03 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The stock has a 50 day moving average price of $53.88 and a 200 day moving average price of $51.05. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. Hasbro’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, equities analysts forecast that Hasbro, Inc. will post 3.26 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.31%. Hasbro’s dividend payout ratio is currently -26.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HAS shares. Jefferies Financial Group lifted their target price on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. DA Davidson reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their target price on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Bank of America lifted their target price on Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Hold” and an average price target of $62.80.

Hasbro Company 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.