Advisory Services Network LLC Purchases 3,705 Shares of Hasbro, Inc. (NASDAQ:HAS)

Advisory Services Network LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,088 shares of the company’s stock after buying an additional 3,705 shares during the quarter. Advisory Services Network LLC’s holdings in Hasbro were worth $1,570,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HAS. Allworth Financial LP increased its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Hasbro during the 4th quarter valued at $44,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro in the 3rd quarter valued at $45,000. Principal Securities Inc. raised its position in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Hasbro in the 4th quarter worth $123,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 2.0 %

NASDAQ HAS opened at $52.04 on Friday. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The company has a fifty day simple moving average of $60.56 and a two-hundred day simple moving average of $62.33. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a market cap of $7.28 billion, a P/E ratio of 18.92, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current 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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HAS shares. Stifel Nicolaus cut their target price on 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 raised their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.22.

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.