Picton Mahoney Asset Management Sells 17,348 Shares of Hasbro, Inc. (NASDAQ:HAS)

Picton Mahoney Asset Management lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 24.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,666 shares of the company’s stock after selling 17,348 shares during the quarter. Picton Mahoney Asset Management’s holdings in Hasbro were worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares in the last quarter. American Trust bought a new position in shares of Hasbro during the 3rd quarter worth $634,000. Quest Partners LLC grew its position in shares of Hasbro by 972.6% during the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after buying an additional 26,337 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after buying an additional 799 shares in the last quarter. Finally, Capital Wealth Management LLC bought a new position in shares of Hasbro during the 4th quarter worth $496,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 0.8 %

Hasbro stock opened at $59.79 on Friday. The stock has a 50-day moving average of $60.43 and a two-hundred day moving average of $64.02. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a one year low of $52.61 and a one year high of $73.46. The stock has a market cap of $8.34 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analysts Forecast Growth

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

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.