Nicholas Company Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 47,115 shares of the company’s stock, valued at approximately $3,828,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Hasbro by 7,213.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after acquiring an additional 2,115,671 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Hasbro by 46.3% during the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Hasbro by 41.4% during the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after acquiring an additional 123 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after acquiring an additional 128 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. bought a new stake in shares of Hasbro during the 4th quarter worth $43,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:HAS opened at $86.72 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.42 and a debt-to-equity ratio of 0.97. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $109.60. The firm has a market cap of $10.90 billion, a P/E ratio of 22.52, a PEG ratio of 1.68 and a beta of 0.91.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business posted $2.30 earnings per share. Hasbro’s revenue was down 13.0% on a year-over-year basis. Analysts anticipate that Hasbro, Inc. will post 4.41 earnings per share for the current year.

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 dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.14%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.

Several brokerages have recently commented on HAS. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. BidaskClub cut Hasbro from a “sell” rating to a “strong sell” rating in a research report on Friday. Citigroup decreased their target price on Hasbro from $106.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, March 11th. TheStreet cut Hasbro from a “b-” rating to a “c” rating in a research report on Friday, February 8th. Finally, ValuEngine cut Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $103.20.

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Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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