AssuredPartners Investment Advisors LLC Takes $406,000 Position in Hasbro, Inc. (NASDAQ:HAS)

AssuredPartners Investment Advisors LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,257 shares of the company’s stock, valued at approximately $406,000.

Several other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after acquiring an additional 426,130 shares during the last quarter. Amundi boosted its holdings in shares of Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after purchasing an additional 423,249 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Hasbro in the 4th quarter valued at $23,623,000. Finally, Vanguard Group Inc. grew its holdings in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after purchasing an additional 404,527 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the topic of a number of analyst reports. Stifel Nicolaus reduced their target price 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. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson increased their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

HAS opened at $60.59 on Friday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. 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’s 50-day moving average price is $61.18 and its 200 day moving average price is $63.56. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date 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.