Norges Bank Invests $96.36 Million in Hasbro, Inc. (NASDAQ:HAS)

Norges Bank purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,723,463 shares of the company’s stock, valued at approximately $96,359,000. Norges Bank owned 1.24% of Hasbro at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. Glenmede Trust Co. NA increased its holdings in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the last quarter. Keybank National Association OH raised its stake in Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after buying an additional 180 shares in the last quarter. Blair William & Co. IL grew its position in shares of Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock worth $1,081,000 after acquiring an additional 192 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 1.1 %

Shares of NASDAQ:HAS opened at $62.14 on Wednesday. Hasbro, Inc. has a twelve month low of $54.26 and a twelve month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a market cap of $8.67 billion, a P/E ratio of 22.60, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a 50 day moving average of $61.34 and a 200-day moving average of $63.42.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, analysts anticipate 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 was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Morgan Stanley restated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.