Picton Mahoney Asset Management Cuts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Picton Mahoney Asset Management decreased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 24.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,666 shares of the company's stock after selling 17,348 shares during the quarter. Picton Mahoney Asset Management's holdings in Hasbro were worth $2,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HAS. Pacer Advisors Inc. lifted its position in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Bank of New York Mellon Corp lifted its position in Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock worth $83,068,000 after acquiring an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after acquiring an additional 5,778 shares during the period. Mizuho Securities USA LLC lifted its position in Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock worth $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Amundi lifted its position in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after acquiring an additional 423,249 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

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Hasbro Price Performance

Shares of Hasbro stock traded down $0.24 on Thursday, hitting $60.38. The company's stock had a trading volume of 2,746,691 shares, compared to its average volume of 1,555,496. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 1 year low of $53.91 and a 1 year high of $73.46. The firm has a fifty day moving average price of $60.62 and a 200-day moving average price of $63.85. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.02 billion. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.64%. Hasbro's dividend payout ratio (DPR) is currently 101.82%.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down previously 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. According to MarketBeat.com, the stock presently 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.