Level Four Advisory Services LLC Raises Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Level Four Advisory Services LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,387 shares of the company’s stock after buying an additional 293 shares during the quarter. Level Four Advisory Services LLC’s holdings in Hasbro were worth $245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of HAS. Allworth Financial LP lifted its holdings in shares of 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. Itau Unibanco Holding S.A. acquired a new stake in Hasbro during the third quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro in the 3rd quarter valued at about $45,000. Principal Securities Inc. raised its holdings in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after purchasing an additional 208 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Hasbro by 225.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $151,000 after purchasing an additional 1,873 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS opened at $62.14 on Wednesday. The firm has a market capitalization of $8.67 billion, a PE ratio of 22.60, a PEG ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a twelve month low of $54.26 and a twelve month high of $73.46. The firm’s 50-day moving average price is $61.34 and its 200 day moving average price is $63.42.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.51%. Hasbro’s dividend payout ratio is presently 101.82%.

Analysts Set New Price Targets

A number of research firms have recently commented on HAS. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, DA Davidson raised their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro 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.