Avior Wealth Management LLC Buys 2,218 Shares of Hasbro, Inc. (NASDAQ:HAS)

Avior Wealth Management LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 18.5% in the fourth quarter, HoldingsChannel reports. The firm owned 14,218 shares of the company’s stock after purchasing an additional 2,218 shares during the period. Avior Wealth Management LLC’s holdings in Hasbro were worth $726,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Worth Asset Management LLC bought a new stake in Hasbro in the first quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its holdings in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Power Corp of Canada bought a new stake in Hasbro in the first quarter worth approximately $29,000. Studio Investment Management LLC bought a new stake in Hasbro in the third quarter worth approximately $26,000. Finally, ING Groep NV bought a new stake in Hasbro in the third quarter worth approximately $29,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 0.4 %

Shares of NASDAQ:HAS opened at $54.82 on Thursday. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of -5.11, a PEG ratio of 1.46 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The business’s 50 day moving average is $53.21 and its 200 day moving average is $51.18.

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

Hasbro Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 5.11%. Hasbro’s dividend payout ratio is currently -26.12%.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. JPMorgan Chase & Co. raised their price objective on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus raised their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Monday. Roth Mkm raised their price objective on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.90.

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.