Bleakley Financial Group LLC Sells 559 Shares of Hasbro, Inc. (NASDAQ:HAS)

Bleakley Financial Group LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,477 shares of the company’s stock after selling 559 shares during the quarter. Bleakley Financial Group LLC’s holdings in Hasbro were worth $535,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAS. Carolinas Wealth Consulting LLC boosted its position in shares of Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Studio Investment Management LLC bought a new position in shares of Hasbro in the third quarter valued at approximately $26,000. Worth Asset Management LLC bought a new position in shares of Hasbro in the first quarter valued at approximately $27,000. ING Groep NV bought a new position in shares of Hasbro in the third quarter valued at approximately $29,000. Finally, Power Corp of Canada bought a new stake in Hasbro during the first quarter valued at approximately $29,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 0.8 %

Shares of NASDAQ HAS opened at $55.80 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57. The firm’s fifty day moving average is $52.87 and its 200 day moving average is $51.40. The company has a market cap of $7.74 billion, a price-to-earnings ratio of -5.21, a PEG ratio of 1.49 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was down 23.2% compared to the same quarter last year. On average, equities research analysts expect that Hasbro, Inc. will post 3.24 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is -26.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Roth Mkm lifted their target price on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Jefferies Financial Group lifted their target price on shares of Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $64.00 price objective on shares of Hasbro in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.60.

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.