LPL Financial LLC Buys 8,962 Shares of Hasbro, Inc. (NASDAQ:HAS)

LPL Financial LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,579 shares of the company's stock after purchasing an additional 8,962 shares during the period. LPL Financial LLC owned 0.05% of Hasbro worth $4,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Hasbro by 120.1% in 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 Hasbro during the 3rd quarter valued at $45,000. Principal Securities Inc. increased its position in shares of Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after purchasing an additional 208 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Hasbro by 225.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company's stock worth $151,000 after buying an additional 1,873 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Hasbro by 1,150.3% in the third quarter. Sunbelt Securities Inc. now owns 2,363 shares of the company's stock valued at $171,000 after buying an additional 2,174 shares during the period. Institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Finally, DA Davidson raised Hasbro to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.22.

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Hasbro Stock Down 0.9 %

Hasbro stock traded down $0.46 during trading hours on Tuesday, hitting $52.89. The company had a trading volume of 155,971 shares, compared to its average volume of 1,776,651. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The firm has a market capitalization of $7.40 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm's fifty day moving average is $60.45 and its 200-day moving average is $62.13.

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

Hasbro Announces Dividend

The firm 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. This represents a $2.80 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 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.