Northwest & Ethical Investments L.P. Has $78,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Northwest & Ethical Investments L.P. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,400 shares of the company’s stock after selling 400 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Hasbro were worth $78,000 as of its most recent filing with the SEC.

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

Hasbro Stock Up 0.3 %

HAS stock opened at $60.57 on Friday. 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 fifty-two week low of $54.05 and a fifty-two week high of $73.46. The stock has a market capitalization of $8.45 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The business has a 50-day moving average of $60.76 and a 200-day moving average of $63.75.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on HAS shares. Roth Mkm upped 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. Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.