Hasbro, Inc. $HAS Holdings Reduced by Prudential PLC

Prudential PLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 46.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,969 shares of the company’s stock after selling 6,005 shares during the period. Prudential PLC’s holdings in Hasbro were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Hasbro by 6.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,243 shares of the company’s stock valued at $840,000 after acquiring an additional 615 shares in the last quarter. Verus Capital Partners LLC bought a new position in shares of Hasbro in the fourth quarter valued at approximately $226,000. State of Wyoming boosted its holdings in shares of Hasbro by 78.3% in the fourth quarter. State of Wyoming now owns 5,992 shares of the company’s stock valued at $491,000 after acquiring an additional 2,631 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Hasbro by 2.7% in the fourth quarter. Lido Advisors LLC now owns 7,652 shares of the company’s stock valued at $587,000 after acquiring an additional 198 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Hasbro by 164.6% in the fourth quarter. Sivia Capital Partners LLC now owns 11,316 shares of the company’s stock valued at $928,000 after acquiring an additional 7,040 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 0.8%

HAS stock opened at $83.54 on Tuesday. Hasbro, Inc. has a 12 month low of $66.30 and a 12 month high of $106.98. The firm has a market cap of $11.82 billion, a PE ratio of -50.33, a P/E/G ratio of 2.08 and a beta of 0.48. The firm has a 50 day simple moving average of $91.60 and a 200 day simple moving average of $90.13. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HAS shares. Citigroup decreased their price objective on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Roth Mkm set a $120.00 price objective on shares of Hasbro in a report on Wednesday, February 11th. Bank of America increased their target price on shares of Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wolfe Research increased their target price on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group increased their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.64.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.