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

Picton Mahoney Asset Management lessened its holdings in Hasbro, Inc. (NASDAQ:HASFree Report) 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:HASGet Free Report) 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.

View Our Latest Research Report on Hasbro

About Hasbro

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HASFree Report).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.