Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd reduced its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,345 shares of the company’s stock after selling 377 shares during the period. Plato Investment Management Ltd’s holdings in Hasbro were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hasbro during the 3rd quarter worth approximately $1,012,000. State of Alaska Department of Revenue grew its position in Hasbro by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 15,179 shares of the company’s stock worth $1,097,000 after acquiring an additional 1,030 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in Hasbro during the third quarter worth $219,000. US Bancorp DE raised its position in Hasbro by 5.4% in the third quarter. US Bancorp DE now owns 26,157 shares of the company’s stock valued at $1,892,000 after purchasing an additional 1,351 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Hasbro by 98.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 178,078 shares of the company’s stock valued at $12,879,000 after purchasing an additional 88,253 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $61.81 on Wednesday. Hasbro, Inc. has a 52 week low of $49.86 and a 52 week high of $73.46. The stock has a market capitalization of $8.62 billion, a PE ratio of 22.48, a P/E/G ratio of 0.60 and a beta of 0.51. 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 firm has a 50 day moving average of $59.49 and a two-hundred day moving average of $64.26.

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

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. Hasbro’s payout ratio is currently 101.82%.

Analysts Set New Price Targets

HAS has been the topic of several research analyst reports. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.