Financial Counselors Inc. Trims Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Financial Counselors Inc. trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,586 shares of the company's stock after selling 7,196 shares during the quarter. Financial Counselors Inc. owned 0.08% of Hasbro worth $6,183,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro in the third quarter worth approximately $45,000. Finally, Principal Securities Inc. raised its stake 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 purchasing an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HAS shares. Stifel Nicolaus decreased their price target 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. Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Finally, StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

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Hasbro Trading Up 0.3 %

NASDAQ:HAS traded up $0.20 during mid-day trading on Monday, reaching $60.79. 273,433 shares of the company's stock traded hands, compared to its average volume of 1,606,077. The company has a 50 day moving average price of $61.18 and a 200-day moving average price of $63.51. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 22.10, a PEG 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. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced 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 of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.61%. Hasbro's dividend payout ratio is 101.82%.

Hasbro Company 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.