New York Life Investment Management LLC Lowers Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

New York Life Investment Management LLC lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,290 shares of the company’s stock after selling 1,125 shares during the period. New York Life Investment Management LLC’s holdings in Hasbro were worth $1,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP purchased a new position in Hasbro during the 3rd quarter valued at about $1,250,000. Janney Montgomery Scott LLC lifted its position in Hasbro by 6.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after acquiring an additional 2,875 shares in the last quarter. Albion Financial Group UT boosted its position in shares of Hasbro by 105.7% during the third quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock valued at $3,885,000 after buying an additional 30,192 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Hasbro by 125.3% during the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after purchasing an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock worth $2,871,000 after purchasing an additional 41,812 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HAS shares. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Monness Crespi & Hardt increased their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, DA Davidson increased their price objective on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.36.

Hasbro Stock Down 0.9 %

Shares of NASDAQ HAS opened at $60.91 on Tuesday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The business’s 50 day moving average is $55.84 and its two-hundred day moving average is $51.27. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company had revenue of $757.30 million during 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. Hasbro’s revenue was down 24.3% on a year-over-year basis. As a group, analysts anticipate that Hasbro, Inc. will post 3.61 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -27.61%.

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.