Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,478 shares of the company’s stock after purchasing an additional 208 shares during the quarter. Principal Securities Inc.’s holdings in Hasbro were worth $83,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after purchasing an additional 8,270 shares during the last quarter. American Trust acquired a new position in Hasbro in the 3rd quarter valued at $634,000. Quest Partners LLC raised its stake in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after purchasing an additional 26,337 shares during the last quarter. Larson Financial Group LLC raised its stake in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after purchasing an additional 799 shares during the last quarter. Finally, Capital Wealth Management LLC purchased a new stake in Hasbro in the 4th quarter valued at $496,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hasbro

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

Wall Street Analysts Forecast Growth

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

Hasbro Stock Performance

NASDAQ HAS opened at $68.02 on Thursday. The stock has a market cap of $9.49 billion, a PE ratio of 24.73, a P/E/G ratio of 0.60 and a beta of 0.64. 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 twelve month low of $48.72 and a twelve month high of $73.46. The stock has a fifty day simple moving average of $58.91 and a 200-day simple moving average of $64.29.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business 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%. Equities analysts anticipate 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 will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.