Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,911 shares of the company’s stock after acquiring an additional 2,426 shares during the quarter. Jones Financial Companies Lllp’s holdings in Hasbro were worth $554,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Hasbro by 225.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $151,000 after purchasing an additional 1,873 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Hasbro during the 4th quarter worth approximately $957,000. Los Angeles Capital Management LLC grew its position in shares of Hasbro by 14.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,788 shares of the company’s stock worth $659,000 after acquiring an additional 1,516 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hasbro by 40.2% in 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 acquiring an additional 426,130 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Hasbro by 21.0% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 4,287 shares of the company’s stock valued at $240,000 after acquiring an additional 744 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HAS. Roth Mkm lifted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson boosted their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price objective on 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 company’s stock. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $63.93 on Tuesday. The company’s fifty day moving average is $60.05 and its two-hundred day moving average is $64.19. The company has a market cap of $8.92 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 12-month low of $51.26 and a 12-month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last posted its quarterly 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. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. 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.