Global Financial Private Capital LLC decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,746 shares of the company’s stock after selling 1,576 shares during the quarter. Global Financial Private Capital LLC’s holdings in Hasbro were worth $1,158,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in HAS. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after acquiring an additional 1,065 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Hasbro in the fourth quarter worth about $131,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Hasbro in the fourth quarter worth about $136,000. Highstreet Asset Management Inc. lifted its holdings in Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after purchasing an additional 812 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in Hasbro in the fourth quarter worth about $243,000. 79.86% of the stock is owned by institutional investors.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at $98.85 on Friday. Hasbro, Inc. has a 1-year low of $87.92 and a 1-year high of $116.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. The firm has a market cap of $12,312.36, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company earned $1.64 EPS. Hasbro’s revenue was down 1.8% on a year-over-year basis. equities research analysts anticipate that Hasbro, Inc. will post 5.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.55%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio is presently 73.08%.
Several equities research analysts recently weighed in on HAS shares. KeyCorp reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Hasbro in a report on Tuesday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $124.00 price objective (up previously from $121.00) on shares of Hasbro in a report on Tuesday, October 24th. B. Riley started coverage on shares of Hasbro in a report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Barclays reaffirmed an “equal weight” rating on shares of Hasbro in a report on Wednesday, October 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 price objective on shares of Hasbro in a report on Monday, November 27th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Hasbro presently has a consensus rating of “Hold” and an average price target of $109.87.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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