Schechter Investment Advisors LLC Sells 354 Shares of Hasbro, Inc. (NASDAQ:HAS)

Schechter Investment Advisors LLC lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,829 shares of the company’s stock after selling 354 shares during the period. Schechter Investment Advisors LLC’s holdings in Hasbro were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro in the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC bought a new stake in Hasbro in the third quarter valued at about $49,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS stock opened at $63.04 on Thursday. Hasbro, Inc. has a 52 week low of $50.51 and a 52 week high of $73.46. The stock has a market capitalization of $8.80 billion, a PE ratio of 22.92, a PEG ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock’s fifty day moving average is $59.60 and its 200-day moving average is $64.26.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Equities research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

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.