Hasbro, Inc. (NASDAQ:HAS) Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,683 shares of the company’s stock after selling 1,221 shares during the period. Principal Financial Group Inc. owned 0.11% of Hasbro worth $8,537,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Hasbro by 65.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,479 shares of the company’s stock worth $683,000 after acquiring an additional 3,739 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hasbro during the 3rd quarter worth $1,012,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Hasbro by 209.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock valued at $2,436,000 after purchasing an additional 23,015 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Hasbro by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,179 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,030 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $65.11 on Friday. Hasbro, Inc. has a 12 month low of $49.21 and a 12 month high of $73.46. The company has a market cap of $9.08 billion, a P/E ratio of 23.68, a P/E/G ratio of 0.60 and a beta of 0.64. The business’s 50 day moving average is $59.26 and its two-hundred day moving average is $64.31. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. Hasbro’s payout ratio is 101.82%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAS. Stifel Nicolaus lowered their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley reissued 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. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

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.