Yousif Capital Management LLC Sells 328 Shares of Hasbro, Inc. (NASDAQ:HAS)

Yousif Capital Management LLC decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,170 shares of the company’s stock after selling 328 shares during the period. Yousif Capital Management LLC’s holdings in Hasbro were worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HAS. Parvin Asset Management LLC bought a new position in shares of Hasbro in the 4th quarter valued at about $25,000. Allworth Financial LP grew its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares during the period. Sentry Investment Management LLC bought a new position in Hasbro during the first quarter worth about $28,000. Itau Unibanco Holding S.A. grew its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after purchasing an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new position in Hasbro during the fourth quarter worth about $43,000. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup boosted their price objective on Hasbro from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.25.

Hasbro Stock Up 0.6%

HAS opened at $67.93 on Thursday. The company has a 50 day moving average of $62.65 and a 200 day moving average of $60.91. The company has a market cap of $9.52 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. Hasbro’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro’s dividend payout ratio (DPR) is currently 92.41%.

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.