Signaturefd LLC Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Signaturefd LLC trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,185 shares of the company’s stock after selling 523 shares during the period. Signaturefd LLC’s holdings in Hasbro were worth $122,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cibc World Markets Corp increased its holdings in Hasbro by 45.6% during the 4th quarter. Cibc World Markets Corp now owns 14,750 shares of the company’s stock valued at $825,000 after acquiring an additional 4,620 shares in the last quarter. LBP AM SA increased its stake in shares of Hasbro by 67.8% during the 4th quarter. LBP AM SA now owns 154,204 shares of the company’s stock worth $8,622,000 after purchasing an additional 62,287 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Hasbro by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 52,652 shares of the company’s stock worth $2,944,000 after purchasing an additional 267 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Hasbro in the 4th quarter valued at approximately $1,006,000. Finally, Swiss National Bank grew its holdings in Hasbro by 0.9% during the 4th quarter. Swiss National Bank now owns 260,500 shares of the company’s stock valued at $14,565,000 after buying an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $60.57 on Monday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $54.05 and a one year high of $73.46. The company has a 50 day moving average price of $60.76 and a 200 day moving average price of $63.72.

Hasbro (NASDAQ:HAS) last released 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. Sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently disclosed 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 was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Analysts Set New Price Targets

HAS has been the topic of several recent research reports. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report 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 report on Friday, February 21st. Stifel Nicolaus decreased 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. Finally, DA Davidson boosted their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average 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.