Lazard Asset Management LLC Sells 19,817 Shares of Hasbro, Inc. (NASDAQ:HAS)

Lazard Asset Management LLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 95.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 869 shares of the company’s stock after selling 19,817 shares during the quarter. Lazard Asset Management LLC’s holdings in Hasbro were worth $48,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in Hasbro by 7.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,556 shares of the company’s stock worth $702,000 after acquiring an additional 910 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Hasbro in the 4th quarter worth approximately $317,000. Exchange Traded Concepts LLC boosted its position in shares of Hasbro by 11.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,091 shares of the company’s stock worth $285,000 after purchasing an additional 524 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Hasbro by 118.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,531 shares of the company’s stock worth $477,000 after buying an additional 4,626 shares during the last quarter. Finally, KBC Group NV increased its position in Hasbro by 7.8% during the 4th quarter. KBC Group NV now owns 8,450 shares of the company’s stock valued at $472,000 after buying an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HAS shares. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Citigroup upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Friday, April 25th. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $81.25.

Hasbro Price Performance

Shares of HAS opened at $65.83 on Monday. The firm has a fifty day simple moving average of $59.42 and a two-hundred day simple moving average of $60.37. The firm has a market cap of $9.22 billion, a PE ratio of 23.94, a P/E/G ratio of 0.60 and a beta of 0.54. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Hasbro’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Hasbro’s payout ratio is 92.41%.

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.