Xponance Inc. Decreases Holdings in Hasbro, Inc. (NASDAQ:HAS)

Xponance Inc. lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,991 shares of the company’s stock after selling 241 shares during the quarter. Xponance Inc.’s holdings in Hasbro were worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. American Trust bought a new position in Hasbro in the 3rd quarter worth approximately $634,000. Larson Financial Group LLC grew its stake in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after buying an additional 799 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after acquiring an additional 2,426 shares during the period. Finally, Capital Wealth Management LLC bought a new stake in Hasbro during the 4th quarter valued at $496,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Hasbro Trading Up 0.3 %

Hasbro stock opened at $60.57 on Friday. The stock has a market cap of $8.45 billion, a P/E ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a fifty-two week low of $54.05 and a fifty-two week high of $73.46. The firm’s fifty day moving average price is $60.76 and its 200-day moving average price is $63.75. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.62%. Hasbro’s dividend payout ratio is presently 101.82%.

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.