Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,088 shares of the company’s stock after acquiring an additional 3,705 shares during the period. Advisory Services Network LLC’s holdings in Hasbro were worth $1,570,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH increased its holdings in shares of Hasbro by 3.5% during the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after purchasing an additional 180 shares in the last quarter. Blair William & Co. IL grew its position in Hasbro by 1.0% during the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock valued at $1,081,000 after buying an additional 192 shares during the period. Principal Securities Inc. increased its holdings in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Hasbro by 5.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares during the period. Finally, Morningstar Investment Management LLC boosted its stake in shares of Hasbro by 5.9% during the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock worth $260,000 after acquiring an additional 258 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAS has been the subject of several recent analyst reports. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus decreased 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 boosted their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Trading Up 2.0 %

Shares of HAS opened at $52.04 on Friday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The stock has a market cap of $7.28 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm’s fifty day moving average is $60.56 and its two-hundred day moving average is $62.33. 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 (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.02 billion. Research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.38%. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

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.