Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 5.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,457 shares of the company’s stock after selling 579 shares during the quarter. Simplicity Solutions LLC’s holdings in Hasbro were worth $534,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HAS. American Century Companies Inc. grew its stake in Hasbro by 37.1% during the 1st quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock valued at $851,000 after purchasing an additional 2,810 shares in the last quarter. Private Advisor Group LLC grew its stake in Hasbro by 14.2% during the 1st quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock valued at $562,000 after purchasing an additional 850 shares in the last quarter. MetLife Investment Management LLC grew its stake in Hasbro by 23.0% during the 1st quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after purchasing an additional 6,597 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Hasbro by 61.8% during the 1st quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock valued at $1,486,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Hasbro by 2.5% during the 1st quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after purchasing an additional 5,054 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAS. Stifel Nicolaus raised their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Jefferies Financial Group increased their target price on Hasbro from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. increased their target price on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Roth Mkm increased their target price on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of “Hold” and an average target price of $62.60.

Hasbro Trading Up 0.2 %

Shares of NASDAQ HAS opened at $54.94 on Friday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The stock’s 50 day simple moving average is $53.30 and its 200 day simple moving average is $51.20.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same period last year, the business posted $1.31 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.25 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is -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.