Great Lakes Advisors LLC Has $18.03 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Great Lakes Advisors LLC lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 322,552 shares of the company's stock after selling 10,748 shares during the quarter. Great Lakes Advisors LLC owned about 0.23% of Hasbro worth $18,034,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings 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 purchasing an additional 263 shares during the last quarter. True Wealth Design LLC acquired a new position in Hasbro during the third quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro during the third quarter worth $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the third quarter worth $45,000. Finally, Ashton Thomas Securities LLC purchased a new position in Hasbro during the third quarter worth $49,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

HAS has been the subject of several recent research reports. Morgan Stanley reissued an "overweight" rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. 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. Finally, DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.22.

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Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $0.49 during trading on Friday, hitting $59.79. 1,902,374 shares of the company traded hands, compared to its average volume of 1,639,538. Hasbro, Inc. has a one year low of $52.61 and a one year high of $73.46. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 0.60 and a beta of 0.51. The business's fifty day moving average is $60.43 and its 200-day moving average is $64.02. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 dividend on an annualized basis and a yield of 4.68%. Hasbro's dividend payout ratio (DPR) is 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.