Lafayette Investments Inc. Has $1.51 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Lafayette Investments Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,533 shares of the company’s stock after selling 665 shares during the period. Lafayette Investments Inc.’s holdings in Hasbro were worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Aigen Investment Management LP bought a new position in Hasbro in the third quarter valued at about $1,250,000. Janney Montgomery Scott LLC grew its holdings in shares of Hasbro by 6.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after purchasing an additional 2,875 shares during the last quarter. Albion Financial Group UT increased its position in Hasbro by 105.7% during the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock worth $3,885,000 after purchasing an additional 30,192 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Hasbro by 125.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after purchasing an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after buying an additional 41,812 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HAS. Stifel Nicolaus lifted their target price on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm lifted their price objective on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Bank of America lifted their price objective on Hasbro from $51.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Hasbro has an average rating of “Hold” and an average target price of $62.80.

Hasbro Trading Up 0.1 %

HAS stock traded up $0.03 during mid-day trading on Friday, reaching $54.97. The company’s stock had a trading volume of 262,817 shares, compared to its average volume of 1,672,422. The company has a market cap of $7.63 billion, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 1.45 and a beta of 0.74. The business’s 50 day moving average price is $53.30 and its 200 day moving average price is $51.20. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, equities research analysts predict that Hasbro, Inc. will post 3.25 EPS for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.09%. Hasbro’s dividend payout ratio is -26.12%.

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.