AssuredPartners Investment Advisors LLC Buys New Holdings in Hasbro, Inc. (NASDAQ:HAS)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in 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 acquiring an additional 263 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Hasbro during the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro in the 3rd quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its position in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HAS shares. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm increased their price target 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 raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson upped their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $60.59 on Friday. Hasbro, Inc. has a 52 week low of $54.26 and a 52 week high of $73.46. The company has a 50-day moving average price of $61.18 and a 200 day moving average price of $63.56. The company has a market cap of $8.45 billion, a P/E ratio of 22.03, a PEG 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 (NASDAQ:HAS) last posted its quarterly earnings results 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. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. 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 presently 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.