Financial Counselors Inc. Has $6.18 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Financial Counselors Inc. lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% during the fourth quarter, Holdings Channel reports. The fund owned 110,586 shares of the company’s stock after selling 7,196 shares during the period. Financial Counselors Inc.’s holdings in Hasbro were worth $6,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Hasbro by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after buying an additional 404,527 shares during the period. Pacer Advisors Inc. raised its holdings in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after purchasing an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after purchasing an additional 5,778 shares during the last quarter. Finally, Amundi grew its position in shares of Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after buying an additional 423,249 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Hasbro Stock Up 0.7 %

Shares of Hasbro stock opened at $61.49 on Thursday. The company has a market capitalization of $8.58 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The business has a 50-day moving average of $61.04 and a two-hundred day moving average of $63.63. Hasbro, Inc. has a 1 year low of $54.26 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last posted its 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. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.55%. Hasbro’s dividend payout ratio is currently 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.