Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,552 shares of the company’s stock after selling 10,748 shares during the period. Great Lakes Advisors LLC owned about 0.23% of Hasbro worth $18,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Huntington National Bank raised its position in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares in the last quarter. Glenmede Trust Co. NA raised its position in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares in the last quarter. Keybank National Association OH raised its position in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after purchasing an additional 180 shares in the last quarter. Principal Securities Inc. raised its position in shares of Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Roth Mkm raised their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. DA Davidson raised 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. Finally, Morgan Stanley reissued 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Trading Down 1.7 %

NASDAQ:HAS opened at $61.86 on Thursday. The stock’s 50 day moving average price is $60.31 and its 200 day moving average price is $64.14. The company has a market capitalization of $8.63 billion, a PE ratio of 22.49, a P/E/G ratio of 0.60 and a beta of 0.51. 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, Inc. has a 52-week low of $52.47 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.02 billion. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. Hasbro’s dividend payout ratio (DPR) is currently 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.