HighTower Advisors LLC Sells 3,241 Shares of Hasbro, Inc. (NASDAQ:HAS)

HighTower Advisors LLC cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,573 shares of the company’s stock after selling 3,241 shares during the period. HighTower Advisors LLC’s holdings in Hasbro were worth $479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Pacer Advisors Inc. increased its holdings in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after buying an additional 426,130 shares in the last quarter. Amundi boosted its holdings in Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after buying an additional 423,249 shares during the period. Raymond James Financial Inc. purchased a new stake in Hasbro in the 4th quarter worth $23,623,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock valued at $30,629,000 after acquiring an additional 369,744 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.3 %

Shares of NASDAQ:HAS opened at $60.59 on Monday. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12 month low of $54.26 and a 12 month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a 50-day moving average price of $61.18 and a 200 day moving average price of $63.51.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HAS shares. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.22.

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.