Hasbro, Inc. (NASDAQ:HAS) Position Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,652 shares of the company’s stock after acquiring an additional 267 shares during the period. Commonwealth Equity Services LLC’s holdings in Hasbro were worth $2,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Hasbro during the third quarter worth about $31,000. Allworth Financial LP raised its stake in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Hasbro during the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its position in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HAS. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson lifted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $61.04 on Wednesday. Hasbro, Inc. has a 12-month low of $54.05 and a 12-month high of $73.46. The company has a market cap of $8.52 billion, a PE ratio of 22.20, a P/E/G ratio of 0.60 and a beta of 0.51. The stock has a 50 day simple moving average of $60.93 and a 200-day simple moving average of $63.64. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.59%. Hasbro’s payout ratio is 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.