Advisory Services Network LLC increased its position in Hasbro, Inc. (NASDAQ:HAS) by 55.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,594 shares of the company’s stock after acquiring an additional 1,988 shares during the period. Advisory Services Network LLC’s holdings in Hasbro were worth $508,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Hasbro by 160.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after buying an additional 1,145,999 shares during the last quarter. Boston Partners raised its stake in Hasbro by 111.8% during the 3rd quarter. Boston Partners now owns 1,259,062 shares of the company’s stock valued at $122,973,000 after buying an additional 664,474 shares during the last quarter. Wells Fargo & Company MN raised its stake in Hasbro by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock valued at $296,977,000 after buying an additional 426,136 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Hasbro by 38.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,440,532 shares of the company’s stock valued at $140,539,000 after buying an additional 403,580 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in Hasbro by 154.0% during the 3rd quarter. APG Asset Management N.V. now owns 434,800 shares of the company’s stock valued at $42,467,000 after buying an additional 263,600 shares during the last quarter. Institutional investors own 77.90% of the company’s stock.
A number of equities research analysts have weighed in on HAS shares. KeyCorp reiterated a “buy” rating and set a $105.00 target price on shares of Hasbro in a research note on Tuesday, October 24th. DA Davidson reiterated a “buy” rating and set a $124.00 target price (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. B. Riley started coverage on shares of Hasbro in a research note on Thursday, December 21st. They set a “buy” rating and a $108.00 target price for the company. Barclays reiterated an “equal weight” rating on shares of Hasbro in a research note on Wednesday, October 25th. Finally, BMO Capital Markets reissued a “hold” rating and set a $83.00 price objective on shares of Hasbro in a research report on Monday, November 27th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $109.87.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. sell-side analysts forecast that Hasbro, Inc. will post 5.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.58%. Hasbro’s payout ratio is presently 72.84%.
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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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