Hasbro, Inc. (NASDAQ:HAS) Stock Position Raised by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,670 shares of the company’s stock after acquiring an additional 530 shares during the period. Wedbush Securities Inc.’s holdings in Hasbro were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro during the fourth quarter valued at $540,000. Resona Asset Management Co. Ltd. bought a new stake in Hasbro in the 4th quarter valued at about $44,000. Massachusetts Financial Services Co. MA boosted its stake in Hasbro by 38.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,111,234 shares of the company’s stock valued at $62,129,000 after purchasing an additional 306,346 shares during the period. Headlands Technologies LLC acquired a new position in Hasbro during the 4th quarter valued at about $123,000. Finally, Geode Capital Management LLC grew its position in Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after purchasing an additional 59,794 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hasbro Price Performance

NASDAQ:HAS opened at $51.00 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The business’s 50-day moving average price is $60.66 and its 200 day moving average price is $62.47. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The firm has a market cap of $7.12 billion, a P/E ratio of 18.55, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 5.49%. Hasbro’s dividend payout ratio is currently 101.82%.

About Hasbro

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.