Prudential Financial Inc. cut its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,588 shares of the company's stock after selling 13,527 shares during the period. Prudential Financial Inc.'s holdings in Hasbro were worth $3,891,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its position in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock valued at $554,000 after acquiring an additional 166 shares during the last quarter. Keybank National Association OH lifted its position in Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after purchasing an additional 180 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after buying an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock worth $225,000 after buying an additional 210 shares during the last quarter. Finally, Morningstar Investment Management LLC lifted its holdings in shares of Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company's stock valued at $260,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on HAS shares. DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley reissued 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. StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.22.
Read Our Latest Analysis on HAS
Hasbro Stock Up 1.1 %
Shares of NASDAQ HAS opened at $62.14 on Wednesday. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week high of $73.46. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 0.60 and a beta of 0.51. The stock has a 50 day moving average price of $61.34 and a 200 day moving average price of $63.42. 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 (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.
Hasbro Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.51%. Hasbro's payout ratio is presently 101.82%.
Hasbro Company Profile
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Free Report)
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.
See Also
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