Allworth Financial LP Increases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Allworth Financial LP grew its position in Hasbro, Inc. (NASDAQ:HAS) by 120.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482 shares of the company’s stock after purchasing an additional 263 shares during the period. Allworth Financial LP’s holdings in Hasbro were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. Charles Schwab Investment Management Inc. increased its holdings in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares during the last quarter. American Trust purchased a new stake in Hasbro during the third quarter worth about $634,000. Quest Partners LLC increased its holdings in Hasbro by 972.6% during the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after buying an additional 26,337 shares during the last quarter. Larson Financial Group LLC increased its holdings in Hasbro by 33.9% during the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after buying an additional 799 shares during the last quarter. Finally, Capital Wealth Management LLC purchased a new stake in Hasbro during the fourth quarter worth about $496,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson raised their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research 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 company’s stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Price Performance

HAS stock opened at $68.02 on Thursday. The firm has a 50 day moving average of $58.91 and a 200-day moving average of $64.29. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12 month low of $48.72 and a 12 month high of $73.46. The firm has a market capitalization of $9.49 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating 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 analyst estimates of $1.02 billion. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.12%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.

Hasbro Company Profile

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.