Jaffetilchin Investment Partners LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,309 shares of the company's stock, valued at approximately $1,359,000.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its stake in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro during the 3rd quarter valued at about $45,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Hasbro in the fourth quarter worth about $44,000. Principal Securities Inc. lifted its position in shares of 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 in the last quarter. Finally, Headlands Technologies LLC bought a new position in Hasbro during the fourth quarter valued at approximately $123,000. 91.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. 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 research note on Friday, January 3rd. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson upgraded Hasbro to a "hold" rating in a research report on Monday. StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Finally, Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Hasbro has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.
Get Our Latest Stock Report on Hasbro
Hasbro Stock Down 1.6 %
NASDAQ HAS traded down $0.86 during trading on Tuesday, reaching $52.49. 1,448,995 shares of the company's stock traded hands, compared to its average volume of 1,653,833. The company's 50 day simple moving average is $60.45 and its two-hundred day simple moving average is $62.13. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth 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 (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 annualized dividend and a yield of 5.33%. Hasbro's dividend payout ratio (DPR) is presently 101.82%.
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.
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