Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Principal Securities Inc.

Principal Securities Inc. raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,478 shares of the company’s stock after purchasing an additional 208 shares during the period. Principal Securities Inc.’s holdings in Hasbro were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after purchasing an additional 8,270 shares in the last quarter. American Trust acquired a new stake in Hasbro in the 3rd quarter valued at about $634,000. Quest Partners LLC raised its position in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after purchasing an additional 26,337 shares in the last quarter. Larson Financial Group LLC raised its position in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after purchasing an additional 799 shares in the last quarter. Finally, Capital Wealth Management LLC acquired a new stake in shares of Hasbro during the 4th quarter worth about $496,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HAS has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. DA Davidson raised their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Roth Mkm raised their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Trading Down 0.8 %

NASDAQ:HAS opened at $68.02 on Thursday. The stock’s 50 day moving average price is $58.91 and its 200 day moving average price is $64.29. The company has a market capitalization of $9.49 billion, a PE ratio of 24.73, a P/E/G ratio of 0.60 and a beta of 0.64. 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, Inc. has a 52-week low of $48.72 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.12%. Hasbro’s dividend payout ratio is presently 101.82%.

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.