Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,457 shares of the company’s stock after selling 579 shares during the quarter. Simplicity Solutions LLC’s holdings in Hasbro were worth $534,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HAS. Carolinas Wealth Consulting LLC grew its position in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Kinneret Advisory LLC grew its position in shares of Hasbro by 2.3% during the first quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock worth $545,000 after buying an additional 149 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Hasbro by 0.7% during the first quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock worth $1,680,000 after buying an additional 150 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Hasbro by 0.6% during the first quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock worth $61,000 after buying an additional 155 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Hasbro by 2.6% during the third quarter. Baird Financial Group Inc. now owns 7,024 shares of the company’s stock worth $473,000 after buying an additional 180 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. DA Davidson restated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus boosted their target price on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.60.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $54.94 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57. The stock has a 50 day moving average of $53.30 and a two-hundred day moving average of $51.20. The stock has a market cap of $7.63 billion, a P/E ratio of -5.13, a P/E/G ratio of 1.46 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. Hasbro’s quarterly revenue was down 23.2% compared to the same quarter last year. On average, research analysts forecast that Hasbro, Inc. will post 3.25 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -26.12%.

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.