Xponance Inc. Sells 241 Shares of Hasbro, Inc. (NASDAQ:HAS)

Xponance Inc. lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 30,991 shares of the company’s stock after selling 241 shares during the period. Xponance Inc.’s holdings in Hasbro were worth $1,733,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after buying an additional 8,270 shares during the period. American Trust purchased a new stake in Hasbro during the third quarter valued at about $634,000. Larson Financial Group LLC boosted its position in Hasbro by 33.9% during the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after buying an additional 799 shares during the period. Jones Financial Companies Lllp boosted its position in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after buying an additional 2,426 shares during the period. Finally, Capital Wealth Management LLC purchased a new stake in Hasbro during the fourth quarter valued at about $496,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of HAS opened at $60.57 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a one year low of $54.05 and a one year high of $73.46. The company has a 50-day simple moving average of $60.76 and a two-hundred day simple moving average of $63.75. The firm has a market capitalization of $8.45 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.62%. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Analyst Ratings Changes

Several analysts have issued reports on HAS shares. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.