Robeco Institutional Asset Management B.V. Has $35.34 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Robeco Institutional Asset Management B.V. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 574,742 shares of the company’s stock after purchasing an additional 26,920 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Hasbro were worth $35,341,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in Hasbro in the fourth quarter worth $25,000. Sentry Investment Management LLC acquired a new stake in Hasbro in the first quarter worth $28,000. Itau Unibanco Holding S.A. grew its holdings in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro during the fourth quarter valued at about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro during the fourth quarter valued at about $44,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAS. Morgan Stanley lifted their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. Wall Street Zen upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Citigroup reiterated a “buy” rating and set a $79.00 price objective (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $81.25.

Hasbro Stock Up 1.1%

HAS opened at $73.13 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. The company’s 50-day moving average is $65.26 and its 200 day moving average is $61.16. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm has a market capitalization of $10.25 billion, a P/E ratio of 24.14, a PEG ratio of 1.99 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same period last year, the firm earned $0.61 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. Research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro’s dividend payout ratio is 92.41%.

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.