Hasbro, Inc. (NASDAQ:HAS) Holdings Cut by Financial Counselors Inc.

Financial Counselors Inc. lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,782 shares of the company’s stock after selling 1,159 shares during the period. Financial Counselors Inc.’s holdings in Hasbro were worth $8,518,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Hasbro in the second quarter valued at approximately $27,000. Asset Dedication LLC increased its stake in shares of Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. increased its stake in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC acquired a new position in shares of Hasbro during the second quarter valued at approximately $47,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on HAS shares. Stifel Nicolaus raised their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.67.

Hasbro Stock Performance

Hasbro stock opened at $63.89 on Friday. The company has a 50 day moving average price of $67.89 and a 200 day moving average price of $64.39. Hasbro, Inc. has a 52 week low of $44.85 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue was down 14.8% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is -60.34%.

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.