Koss Olinger Consulting LLC Decreases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Koss Olinger Consulting LLC lowered its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,320 shares of the company's stock after selling 7,609 shares during the period. Koss Olinger Consulting LLC's holdings in Hasbro were worth $1,975,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Cibc World Markets Corp raised its stake in Hasbro by 45.6% in the fourth quarter. Cibc World Markets Corp now owns 14,750 shares of the company's stock valued at $825,000 after buying an additional 4,620 shares during the last quarter. LBP AM SA increased its holdings in shares of Hasbro by 67.8% during the fourth quarter. LBP AM SA now owns 154,204 shares of the company's stock valued at $8,622,000 after acquiring an additional 62,287 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Hasbro by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 52,652 shares of the company's stock valued at $2,944,000 after purchasing an additional 267 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Hasbro in the 4th quarter worth approximately $1,006,000. Finally, Swiss National Bank grew its position in Hasbro by 0.9% during the 4th quarter. Swiss National Bank now owns 260,500 shares of the company's stock worth $14,565,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

HAS stock traded up $0.19 during trading on Friday, hitting $60.57. 5,505,495 shares of the company traded hands, compared to its average volume of 1,570,589. Hasbro, Inc. has a 1 year low of $54.05 and a 1 year high of $73.46. The company has a market cap of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The stock's 50-day simple moving average is $60.76 and its 200 day simple moving average is $63.75. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

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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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. On average, equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed 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 dividend yield of 4.62%. Hasbro's dividend payout ratio (DPR) is currently 101.82%.

Analysts Set New Price Targets

HAS has been the subject of a number of research analyst reports. Roth Mkm lifted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. DA Davidson raised their target price on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.22.

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.