International Assets Investment Management LLC Has $728,000 Holdings in Hasbro, Inc. (NASDAQ:HAS)

International Assets Investment Management LLC reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,258 shares of the company’s stock after selling 1,023 shares during the quarter. International Assets Investment Management LLC’s holdings in Hasbro were worth $728,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HAS. Bank of New York Mellon Corp raised its stake in Hasbro by 76.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after purchasing an additional 1,423,517 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after buying an additional 836,474 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Hasbro by 39.7% in the 3rd quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock valued at $83,052,000 after buying an additional 356,718 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Hasbro by 154.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 329,672 shares of the company’s stock valued at $21,805,000 after buying an additional 199,900 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Hasbro by 146.2% in the 3rd quarter. Creative Planning now owns 336,454 shares of the company’s stock valued at $22,253,000 after buying an additional 199,791 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $65.03 on Thursday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The company has a market capitalization of $9.03 billion, a P/E ratio of -6.07, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. The company’s 50 day moving average price is $53.88 and its two-hundred day moving average price is $51.05. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was down 24.3% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 3.26 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. Hasbro’s dividend payout ratio is presently -26.12%.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group increased their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, DA Davidson reiterated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.80.

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.