DekaBank Deutsche Girozentrale Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

DekaBank Deutsche Girozentrale cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 24.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,663 shares of the company’s stock after selling 7,303 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hasbro were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of Hasbro by 232.3% in the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after purchasing an additional 2,541,129 shares during the period. State Street Corp boosted its stake in shares of Hasbro by 35.8% during the 1st quarter. State Street Corp now owns 6,888,597 shares of the company’s stock worth $369,849,000 after acquiring an additional 1,814,972 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Hasbro by 76.6% during the 3rd 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 during the period. Norges Bank purchased a new stake in shares of Hasbro in the 4th quarter worth $83,133,000. Finally, Ameriprise Financial Inc. raised its holdings in Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock worth $86,763,000 after purchasing an additional 836,474 shares during the period. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson restated a “neutral” rating and issued a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. Stifel Nicolaus restated a “buy” rating and set a $64.00 target price on shares of Hasbro in a research note on Wednesday, March 13th. Jefferies Financial Group upped their price target on shares of Hasbro from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. StockNews.com downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, Roth Mkm upped their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.60.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $55.80 on Monday. The company has a market cap of $7.74 billion, a P/E ratio of -5.21, a P/E/G ratio of 1.48 and a beta of 0.74. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s fifty day moving average is $52.87 and its two-hundred day moving average is $51.30.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $1.31 earnings per share. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. As a group, analysts anticipate that Hasbro, Inc. will post 3.24 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.02%. Hasbro’s dividend payout ratio (DPR) is -26.12%.

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.