First Trust Advisors LP Sells 43,942 Shares of Hasbro, Inc. (NASDAQ:HAS)

First Trust Advisors LP lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,622 shares of the company's stock after selling 43,942 shares during the period. First Trust Advisors LP owned 0.19% of Hasbro worth $14,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the third quarter worth approximately $45,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Hasbro in the 4th quarter worth approximately $44,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Hasbro during the 4th quarter valued at approximately $43,000. Finally, Principal Securities Inc. lifted its position in Hasbro by 16.4% in the fourth 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 last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley reissued an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $79.89.

Hasbro Trading Up 1.0 %

Hasbro stock opened at $60.99 on Monday. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock has a 50-day moving average price of $59.37 and a 200 day moving average price of $60.99.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, May 21st. 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.

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