Charles Schwab Investment Management Inc. increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,189,814 shares of the company's stock after purchasing an additional 5,778 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Hasbro worth $66,522,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. American Trust acquired a new position in Hasbro in the third quarter valued at $634,000. Quest Partners LLC lifted its holdings in Hasbro by 972.6% in the third quarter. Quest Partners LLC now owns 29,045 shares of the company's stock valued at $2,101,000 after buying an additional 26,337 shares during the period. Larson Financial Group LLC lifted its holdings in Hasbro by 33.9% in 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. Capital Wealth Management LLC acquired a new position in Hasbro in the fourth quarter valued at $496,000. Finally, LMR Partners LLP lifted its holdings in Hasbro by 245.9% in the third quarter. LMR Partners LLP now owns 13,183 shares of the company's stock valued at $953,000 after buying an additional 9,372 shares during the period. Institutional investors own 91.83% of the company's stock.
Hasbro Price Performance
Shares of NASDAQ HAS opened at $62.95 on Wednesday. The firm's 50-day moving average price is $60.19 and its 200-day moving average price is $64.15. Hasbro, Inc. has a 1-year low of $51.77 and a 1-year high of $73.46. The firm has a market capitalization of $8.78 billion, a P/E ratio of 22.89, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.45%. Hasbro's dividend payout ratio is presently 101.82%.
Analyst Ratings Changes
HAS has been the topic of several recent analyst reports. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. 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, Stifel Nicolaus dropped 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Hasbro currently has an average rating of "Moderate Buy" and a consensus target price of $80.22.
Check Out Our Latest Stock Report on HAS
About Hasbro
(
Free Report)
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.
Further Reading
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