Rodgers Brothers Inc. Sells 2,850 Shares of Hasbro, Inc. (NASDAQ:HAS)

Rodgers Brothers Inc. lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,100 shares of the company’s stock after selling 2,850 shares during the period. Rodgers Brothers Inc.’s holdings in Hasbro were worth $1,347,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the period. True Wealth Design LLC bought a new position in shares of Hasbro during the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the 3rd quarter worth approximately $45,000. Finally, Principal Securities Inc. raised its holdings in Hasbro by 16.4% during 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 during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAS has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. 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 note on Friday, February 21st. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 1.3 %

NASDAQ:HAS opened at $60.59 on Monday. 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. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a twelve month low of $54.26 and a twelve month high of $73.46. The stock’s 50 day moving average price is $61.18 and its two-hundred day moving average price is $63.51.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company 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 expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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