Tower Research Capital LLC TRC Acquires 765 Shares of Hasbro, Inc. (NASDAQ:HAS)

Tower Research Capital LLC TRC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,287 shares of the company’s stock after acquiring an additional 765 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hasbro were worth $967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Trust acquired a new position in shares of Hasbro in the 3rd quarter valued at $634,000. Jones Financial Companies Lllp increased its holdings in Hasbro by 32.4% in 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 during the last quarter. Polymer Capital Management US LLC acquired a new position in Hasbro in the fourth quarter valued at about $502,000. Capital Wealth Management LLC bought a new position in Hasbro during the fourth quarter worth about $496,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro during the 4th quarter worth about $540,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

Shares of Hasbro stock opened at $60.99 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. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock’s 50-day moving average is $59.37 and its 200-day moving average is $61.15. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. The firm had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro’s payout ratio is 101.82%.

Analyst Ratings Changes

Several research firms recently weighed in on HAS. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research note on Tuesday. Citigroup raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday. DA Davidson upgraded shares of Hasbro to a “hold” rating in a research report on Monday, April 14th. Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, StockNews.com cut Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.89.

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.