Wells Fargo & Company MN Trims Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Wells Fargo & Company MN lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 35.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 162,391 shares of the company's stock after selling 90,980 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of Hasbro worth $9,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HAS. American Trust bought a new stake in Hasbro during the 3rd quarter valued at $634,000. Jones Financial Companies Lllp lifted its stake in Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after acquiring an additional 2,426 shares during the period. Capital Wealth Management LLC bought a new position in Hasbro during the 4th quarter worth about $496,000. Wellington Management Group LLP purchased a new position in Hasbro during the 3rd quarter valued at about $3,080,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after purchasing an additional 5,778 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Up 1.1 %

NASDAQ HAS traded up $0.56 during trading on Tuesday, hitting $52.10. The company's stock had a trading volume of 2,148,719 shares, compared to its average volume of 1,663,071. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a market cap of $7.29 billion, a PE ratio of 18.95, 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. The business's 50 day simple moving average is $59.55 and its 200-day simple moving average is $61.37.

Hasbro (NASDAQ:HAS - Get Free Report) last released its 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.02 billion. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAS. DA Davidson upgraded shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley reiterated 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.