Keeley Teton Advisors LLC Decreases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Keeley Teton Advisors LLC trimmed its position in Hasbro, Inc. (NASDAQ:HAS) by 6.7% during the 4th quarter, HoldingsChannel reports. The firm owned 38,594 shares of the company’s stock after selling 2,750 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Hasbro were worth $2,158,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Hasbro by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after buying an additional 404,527 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after purchasing an additional 59,794 shares in the last quarter. Invesco Ltd. raised its stake in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after purchasing an additional 701,660 shares in the last quarter. Pacer Advisors Inc. lifted its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Hasbro in the 4th quarter worth $96,359,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. DA Davidson upgraded shares of Hasbro to a “hold” rating in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating 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 for the company in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Down 1.6 %

Shares of Hasbro stock opened at $52.49 on Wednesday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.60 and a beta of 0.51. The firm’s 50-day moving average is $60.30 and its two-hundred day moving average is $62.07.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data 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. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.