Proficio Capital Partners LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Proficio Capital Partners LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 17,108 shares of the company's stock, valued at approximately $957,000.

Several other hedge funds have also added to or reduced their stakes in HAS. M&T Bank Corp lifted its position in Hasbro by 5.9% in the fourth quarter. M&T Bank Corp now owns 9,992 shares of the company's stock valued at $559,000 after purchasing an additional 557 shares during the last quarter. Assetmark Inc. raised its holdings in Hasbro by 4.5% during the 4th quarter. Assetmark Inc. now owns 31,634 shares of the company's stock valued at $1,769,000 after buying an additional 1,360 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hasbro by 819.5% during the 4th quarter. Victory Capital Management Inc. now owns 193,934 shares of the company's stock valued at $10,843,000 after buying an additional 172,843 shares during the period. Keybank National Association OH grew its holdings in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after acquiring an additional 180 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Hasbro in the fourth quarter valued at about $417,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Down 0.9 %

Shares of NASDAQ HAS traded down $0.56 during mid-day trading on Tuesday, hitting $61.04. 1,486,407 shares of the stock traded hands, compared to its average volume of 1,568,787. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.60 and a beta of 0.51. The stock has a fifty day moving average price of $60.84 and a 200-day moving average price of $63.68. Hasbro, Inc. has a 52 week low of $54.05 and a 52 week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

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Hasbro (NASDAQ:HAS - Get Free Report) last announced 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. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.59%. Hasbro's payout ratio is 101.82%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HAS. Roth Mkm increased 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 objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Morgan Stanley reissued an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson raised their price target on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.