abrdn plc Acquires 57,741 Shares of Hasbro, Inc. (NASDAQ:HAS)

abrdn plc lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 502,037 shares of the company’s stock after buying an additional 57,741 shares during the quarter. abrdn plc’s holdings in Hasbro were worth $25,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. Treasurer of the State of North Carolina grew its holdings in Hasbro by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock worth $3,905,000 after acquiring an additional 220 shares during the last quarter. CWM LLC grew its holdings in Hasbro by 19.2% in the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after acquiring an additional 224 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Hasbro by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock worth $675,000 after acquiring an additional 246 shares during the last quarter. Arizona State Retirement System grew its holdings in Hasbro by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after acquiring an additional 300 shares during the last quarter. Finally, Studio Investment Management LLC bought a new stake in Hasbro in the 3rd quarter worth $26,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $58.14 on Wednesday. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The firm has a 50-day moving average of $53.64 and a 200 day moving average of $50.95. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.31 earnings per share. The company’s revenue was down 23.2% on a year-over-year basis. Research analysts anticipate that Hasbro, Inc. will post 3.26 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 4.82%. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. DA Davidson reaffirmed a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Finally, Bank of America lifted their target price on shares of Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.80.

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.