17,108 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,108 shares of the company's stock, valued at approximately $957,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company's stock worth $85,629,000 after purchasing an additional 8,270 shares during the period. American Trust acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $634,000. Quest Partners LLC boosted its position in shares of Hasbro by 972.6% during the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company's stock valued at $2,101,000 after acquiring an additional 26,337 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company's stock valued at $228,000 after acquiring an additional 799 shares in the last quarter. Finally, Capital Wealth Management LLC acquired a new stake in shares of Hasbro during the 4th quarter valued at about $496,000. Institutional investors own 91.83% of the company's stock.

Hasbro Price Performance

Shares of HAS stock traded down $0.42 during trading hours on Monday, reaching $63.93. 1,723,269 shares of the company were exchanged, compared to its average volume of 1,600,946. Hasbro, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $73.46. The stock's fifty day moving average is $60.05 and its two-hundred day moving average is $64.19. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 0.60 and a beta of 0.51. 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 announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. Hasbro's payout ratio is 101.82%.

Analyst Upgrades and Downgrades

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

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.