Financial Counselors Inc. lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 51.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,624 shares of the company’s stock after selling 54,001 shares during the period. Financial Counselors Inc.’s holdings in Hasbro were worth $5,042,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HAS. Benjamin F. Edwards & Company Inc. grew its holdings in 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 purchasing an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC lifted its position in shares of Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Hasbro in the second quarter valued at about $155,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Hasbro in the second quarter valued at about $167,000. Finally, Highstreet Asset Management Inc. lifted its position in shares of Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares in the last quarter. 79.83% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on HAS shares. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Thursday, September 14th. DA Davidson restated a “buy” rating and set a $124.00 price objective (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. UBS set a $104.00 price objective on Hasbro and gave the company a “hold” rating in a research report on Monday, November 13th. SunTrust Banks restated a “hold” rating and set a $102.00 price objective on shares of Hasbro in a research report on Thursday, October 12th. Finally, KeyCorp restated a “buy” rating and set a $105.00 price objective on shares of Hasbro in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $105.99.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at $95.45 on Thursday. The company has a market capitalization of $11,461.61, a price-to-earnings ratio of 19.62, a PEG ratio of 1.84 and a beta of 0.86. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87. Hasbro, Inc. has a twelve month low of $77.20 and a twelve month high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. sell-side analysts expect that Hasbro, Inc. will post 5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio is currently 48.72%.
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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