SRS Capital Advisors Inc. Lowers Stock Position in Hasbro, Inc. (NASDAQ:HAS)

SRS Capital Advisors Inc. trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160 shares of the company’s stock after selling 3,331 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Hasbro were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. True Wealth Design LLC purchased a new stake in shares of Hasbro in the 3rd quarter worth approximately $31,000. Allworth Financial LP grew its stake in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after acquiring an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the third quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new position in Hasbro in the 3rd quarter worth about $45,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Hasbro during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS opened at $63.51 on Friday. The company’s 50 day moving average is $59.73 and its 200 day moving average is $64.25. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12-month low of $50.89 and a 12-month high of $73.46.

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

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HAS shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson increased their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Roth Mkm boosted 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, 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 note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.