Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,546 shares of the company’s stock after acquiring an additional 1,574 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $794,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Worth Asset Management LLC acquired a new stake in Hasbro in the 1st quarter valued at $27,000. Carolinas Wealth Consulting LLC grew its position in 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 in the last quarter. Power Corp of Canada acquired a new stake in Hasbro during the 1st quarter valued at $29,000. Studio Investment Management LLC purchased a new stake in Hasbro during the 3rd quarter worth $26,000. Finally, ING Groep NV acquired a new position in Hasbro in the 3rd quarter worth $29,000. 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 several recent analyst reports. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus upped their target price on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Jefferies Financial Group upped their price target on shares of Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.90.

Hasbro Price Performance

HAS opened at $55.03 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The company’s 50-day moving average price is $53.12 and its 200 day moving average price is $51.15. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last posted 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). The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.24 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -26.12%.

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.