Orion Portfolio Solutions LLC Reduces Position in Hasbro, Inc. (NASDAQ:HAS)

Orion Portfolio Solutions LLC cut its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,849 shares of the company's stock after selling 26,937 shares during the period. Orion Portfolio Solutions LLC's holdings in Hasbro were worth $1,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAS. Pacer Advisors Inc. lifted its holdings in shares of Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Norges Bank acquired a new position in shares of Hasbro during the 4th quarter worth approximately $96,359,000. Bank of New York Mellon Corp lifted its stake in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after buying an additional 426,130 shares in the last quarter. Amundi grew its holdings in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company's stock valued at $46,827,000 after buying an additional 423,249 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Hasbro during the fourth quarter worth $23,623,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on HAS shares. Roth Mkm raised their price target 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. Morgan Stanley restated an "overweight" rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson boosted their price target on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Finally, Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and an average price target of $80.22.

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Hasbro Trading Down 1.9 %

Shares of NASDAQ HAS traded down $1.03 during midday trading on Friday, hitting $53.96. The stock had a trading volume of 3,043,982 shares, compared to its average volume of 1,624,947. 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, Inc. has a 1-year low of $51.12 and a 1-year high of $73.46. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 0.60 and a beta of 0.51. The company has a fifty day moving average price of $61.33 and a 200 day moving average price of $63.24.

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

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.19%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 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.