Wealthfront Advisers LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,544 shares of the company's stock, valued at approximately $534,000.
Several other large investors have also made changes to their positions in HAS. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. True Wealth Design LLC acquired a new position in Hasbro in the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro in the 3rd quarter valued at approximately $45,000. Finally, Huntington National Bank raised its holdings in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company's stock valued at $55,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two investment 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.22.
View Our Latest Analysis on Hasbro
Hasbro Price Performance
NASDAQ HAS traded down $0.24 during trading hours on Thursday, reaching $60.38. 2,706,250 shares of the company's stock were exchanged, compared to its average volume of 1,555,340. The stock has a market cap of $8.42 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $53.91 and a one year high of $73.46. The firm has a fifty day moving average of $60.62 and a 200-day moving average of $63.85. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.
Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The business 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%. On average, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 dividend on an annualized basis and a yield of 4.64%. Hasbro's payout ratio is 101.82%.
About Hasbro
(
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.
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