Foster & Motley Inc. Decreases Position in Hasbro, Inc. (NASDAQ:HAS)

Foster & Motley Inc. cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 11,330 shares of the company’s stock after selling 421 shares during the quarter. Foster & Motley Inc.’s holdings in Hasbro were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new stake in shares of Hasbro in the third quarter worth approximately $1,250,000. Janney Montgomery Scott LLC raised its holdings in shares of Hasbro by 6.5% in the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock worth $3,133,000 after buying an additional 2,875 shares during the period. Albion Financial Group UT raised its holdings in shares of Hasbro by 105.7% in the third quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock worth $3,885,000 after buying an additional 30,192 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock worth $1,839,000 after buying an additional 15,466 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock worth $2,871,000 after buying an additional 41,812 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $58.14 on Wednesday. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The business’s fifty day simple moving average is $53.64 and its 200-day simple moving average is $50.95. 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 (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) 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 company 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 business posted $1.31 earnings per share. The company’s revenue was down 23.2% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 3.26 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. Hasbro’s dividend payout ratio is presently -26.12%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HAS shares. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson reaffirmed a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. Jefferies Financial Group lifted their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Roth Mkm lifted their target price on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.80.

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.