Skba Capital Management LLC Sells 4,500 Shares of Hasbro, Inc. (NASDAQ:HAS)

Skba Capital Management LLC trimmed its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,850 shares of the company's stock after selling 4,500 shares during the quarter. Skba Capital Management LLC owned 0.08% of Hasbro worth $6,030,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HAS. FMR LLC increased its position in Hasbro by 14.3% during the third quarter. FMR LLC now owns 13,867 shares of the company's stock worth $1,003,000 after acquiring an additional 1,730 shares during the period. Glenmede Trust Co. NA grew its holdings 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 worth $554,000 after purchasing an additional 166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hasbro by 2.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,826 shares of the company's stock valued at $2,012,000 after purchasing an additional 689 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Hasbro by 2.7% during the third quarter. Public Sector Pension Investment Board now owns 22,833 shares of the company's stock worth $1,651,000 after purchasing an additional 600 shares during the period. Finally, Vinva Investment Management Ltd acquired a new stake in Hasbro during the third quarter worth about $258,000. Institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

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

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Hasbro Trading Down 11.7 %

Shares of NASDAQ:HAS traded down $7.35 during midday trading on Thursday, reaching $55.34. The company's stock had a trading volume of 3,126,682 shares, compared to its average volume of 1,617,975. Hasbro, Inc. has a fifty-two week low of $53.81 and a fifty-two 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. The firm has a 50 day moving average price of $61.45 and a two-hundred day moving average price of $63.41. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly 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 return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. As a group, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is 101.82%.

Hasbro Company 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.