Virtu Financial LLC Acquires 6,941 Shares of Hasbro, Inc. (NASDAQ:HAS)

Virtu Financial LLC boosted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 100.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,869 shares of the company's stock after acquiring an additional 6,941 shares during the quarter. Virtu Financial LLC's holdings in Hasbro were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Hasbro during the 4th quarter valued at about $2,903,000. Sciencast Management LP grew its holdings in Hasbro by 3.2% during the 4th quarter. Sciencast Management LP now owns 9,700 shares of the company's stock worth $542,000 after acquiring an additional 298 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Hasbro by 6.1% in the fourth quarter. TD Private Client Wealth LLC now owns 56,153 shares of the company's stock valued at $3,140,000 after buying an additional 3,222 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Hasbro by 14.7% during the fourth quarter. Teacher Retirement System of Texas now owns 27,459 shares of the company's stock worth $1,535,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in Hasbro by 45.6% during the fourth quarter. Cibc World Markets Corp now owns 14,750 shares of the company's stock worth $825,000 after acquiring an additional 4,620 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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Hasbro Price Performance

HAS stock traded down $0.79 during midday trading on Friday, reaching $60.59. 887,415 shares of the company's stock traded hands, compared to its average volume of 1,611,319. Hasbro, Inc. has a 1-year low of $54.26 and a 1-year high of $73.46. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a 50-day simple moving average of $61.11 and a two-hundred day simple moving average of $63.61.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 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 during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro's payout ratio is presently 101.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HAS shares. 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 report on Friday, February 21st. DA Davidson boosted 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. Stifel Nicolaus decreased their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus 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.