Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,039 shares of the company’s stock after selling 761 shares during the quarter. Silver Lake Advisory LLC’s holdings in Hasbro were worth $1,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HAS. Bank of New York Mellon Corp grew its position in shares of Hasbro by 76.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after buying an additional 1,423,517 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Hasbro by 176.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock worth $86,763,000 after acquiring an additional 836,474 shares during the period. Cooke & Bieler LP raised its holdings in shares of Hasbro by 31.6% during the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after acquiring an additional 765,898 shares in the last quarter. Deutsche Bank AG increased its position in Hasbro by 39.7% during the third quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock worth $83,052,000 after buying an additional 356,718 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in Hasbro by 154.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 329,672 shares of the company’s stock worth $21,805,000 after buying an additional 199,900 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several research reports. Monness Crespi & Hardt increased their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Roth Mkm raised their price target on shares of Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group raised their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Bank of America raised their price target on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of “Hold” and a consensus target price of $66.36.

Hasbro Trading Down 0.2 %

Shares of HAS stock traded down $0.15 on Thursday, hitting $60.19. The company had a trading volume of 493,069 shares, compared to its average volume of 1,757,874. The firm has a market cap of $8.35 billion, a P/E ratio of -5.94, a P/E/G ratio of 0.99 and a beta of 0.67. The stock’s 50-day moving average is $55.13 and its two-hundred day moving average is $51.24. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, equities research analysts anticipate that Hasbro, Inc. will post 3.61 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -27.61%.

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.