Atria Investments Inc Decreases Holdings in Hasbro, Inc. (NASDAQ:HAS)

Atria Investments Inc trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,186 shares of the company’s stock after selling 1,620 shares during the period. Atria Investments Inc’s holdings in Hasbro were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in Hasbro by 3.9% in the third quarter. Principal Financial Group Inc. now owns 153,904 shares of the company’s stock worth $11,130,000 after buying an additional 5,771 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Hasbro by 30.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,936 shares of the company’s stock worth $429,000 after acquiring an additional 1,377 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Hasbro by 198.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,932 shares of the company’s stock valued at $863,000 after acquiring an additional 7,930 shares during the period. Huntington National Bank lifted its holdings in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Hasbro by 8.2% during the third quarter. CIBC Asset Management Inc now owns 18,553 shares of the company’s stock worth $1,342,000 after purchasing an additional 1,400 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

HAS stock opened at $60.22 on Tuesday. The firm has a market cap of $8.40 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.60 and a beta of 0.51. The firm’s fifty day moving average is $60.50 and its 200 day moving average is $63.93. Hasbro, Inc. has a 52 week low of $52.95 and a 52 week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.65%. Hasbro’s dividend payout ratio is currently 101.82%.

Analyst Ratings Changes

HAS has been the subject of a number of analyst reports. DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro 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.