Virtu Financial LLC Buys 6,941 Shares of Hasbro, Inc. (NASDAQ:HAS)

Virtu Financial LLC boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 100.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,869 shares of the company’s stock after acquiring an additional 6,941 shares during the period. Virtu Financial LLC’s holdings in Hasbro were worth $775,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the period. Keybank National Association OH increased its stake in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock worth $301,000 after buying an additional 180 shares in the last quarter. Principal Securities Inc. increased its stake in 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 buying an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock valued at $225,000 after acquiring an additional 210 shares during the period. Finally, Morningstar Investment Management LLC lifted its position in shares of Hasbro by 5.9% in the fourth quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after acquiring an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Price Performance

HAS stock opened at $61.60 on Tuesday. The company has a fifty day simple moving average of $60.84 and a two-hundred day simple moving average of $63.68. Hasbro, Inc. has a 52 week low of $54.05 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $8.60 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.