Cerity Partners LLC Trims Stake in Hasbro, Inc. (NASDAQ:HAS)

Cerity Partners LLC decreased its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,601 shares of the company's stock after selling 26,888 shares during the period. Cerity Partners LLC owned about 0.11% of Hasbro worth $9,092,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HAS. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 263 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro in the fourth quarter valued at $44,000. Wilmington Savings Fund Society FSB bought a new position in Hasbro during the 3rd quarter worth $45,000. Principal Securities Inc. lifted its holdings in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after buying an additional 208 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Hasbro in the 4th quarter valued at about $123,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAS. Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. StockNews.com downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday. 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 report on Friday, February 21st. Morgan Stanley restated an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, DA Davidson raised shares of Hasbro to a "hold" rating in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average price target of $80.22.

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Hasbro Price Performance

HAS traded up $0.10 during trading on Wednesday, reaching $52.59. The stock had a trading volume of 285,418 shares, compared to its average volume of 1,774,040. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market cap of $7.36 billion, a PE ratio of 19.12, a PEG ratio of 0.60 and a beta of 0.51. The business has a 50-day moving average of $60.30 and a 200-day moving average of $62.07. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.32%. Hasbro's dividend payout ratio (DPR) is presently 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.