LPL Financial LLC Has $2.06 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

LPL Financial LLC decreased its stake in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,798 shares of the company’s stock after selling 16,942 shares during the period. LPL Financial LLC’s holdings in Hasbro were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. Carolinas Wealth Consulting LLC boosted its position in shares of Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Worth Asset Management LLC bought a new position in Hasbro in the first quarter worth approximately $27,000. IFP Advisors Inc boosted its holdings in Hasbro by 134.2% in the third quarter. IFP Advisors Inc now owns 651 shares of the company’s stock worth $28,000 after acquiring an additional 373 shares in the last quarter. Power Corp of Canada bought a new position in Hasbro in the first quarter worth approximately $29,000. Finally, AdvisorNet Financial Inc boosted its holdings in Hasbro by 38.4% in the fourth quarter. AdvisorNet Financial Inc now owns 602 shares of the company’s stock worth $37,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HAS. 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Hasbro in a report on Friday, April 28th. Truist Financial dropped their target price on Hasbro from $70.00 to $62.00 in a report on Friday, February 17th. Stifel Nicolaus raised their target price on Hasbro from $68.00 to $70.00 and gave the company a “buy” rating in a report on Friday, April 28th. UBS Group dropped their target price on Hasbro from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 27th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.50.

Hasbro Stock Performance

NASDAQ:HAS opened at $60.41 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.96. The business has a fifty day simple moving average of $54.32 and a two-hundred day simple moving average of $57.83. Hasbro, Inc. has a 1 year low of $45.75 and a 1 year high of $91.53. The company has a market capitalization of $8.37 billion, a P/E ratio of 70.25, a P/E/G ratio of 5.45 and a beta of 0.74.

Hasbro (NASDAQ:HAS – Get Rating) last released its earnings results on Thursday, April 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Hasbro had a return on equity of 18.56% and a net margin of 2.11%. The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $883.06 million. During the same period in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 4.46 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Monday, July 31st. Hasbro’s dividend payout ratio (DPR) is presently 325.59%.

About Hasbro

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Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.