SRS Capital Advisors Inc. Sells 3,331 Shares of Hasbro, Inc. (NASDAQ:HAS)

SRS Capital Advisors Inc. trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 74.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,160 shares of the company’s stock after selling 3,331 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Hasbro were worth $65,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank raised its holdings in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Hasbro by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the last quarter. Principal Securities Inc. lifted its position in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after buying an additional 210 shares in the last quarter. Finally, Morningstar Investment Management LLC increased its holdings in shares of Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock worth $260,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 0.7 %

Shares of NASDAQ:HAS opened at $63.51 on Friday. The stock’s 50-day moving average is $59.73 and its 200 day moving average is $64.25. The company has a market cap of $8.86 billion, a PE ratio of 23.09, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 1 year low of $50.89 and a 1 year high of $73.46.

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

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.41%. Hasbro’s dividend payout ratio is 101.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HAS. DA Davidson lifted 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. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research 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 report on Friday, January 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

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.