Ashton Thomas Private Wealth LLC Acquires 1,050 Shares of Hasbro, Inc. (NASDAQ:HAS)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,076 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Hasbro were worth $731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. Inceptionr LLC grew its stake in shares of Hasbro by 466.1% during the fourth quarter. Inceptionr LLC now owns 18,280 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,051 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Hasbro during the 4th quarter worth $23,623,000. Arizona State Retirement System boosted its position in Hasbro by 0.9% in the 4th quarter. Arizona State Retirement System now owns 38,433 shares of the company’s stock valued at $2,149,000 after buying an additional 351 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at $957,000. Finally, M&T Bank Corp raised its position in shares of Hasbro by 5.9% during the fourth quarter. M&T Bank Corp now owns 9,992 shares of the company’s stock worth $559,000 after acquiring an additional 557 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Up 1.3 %

Shares of NASDAQ HAS opened at $64.35 on Monday. The firm has a 50 day moving average price of $59.89 and a 200 day moving average price of $64.21. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market cap of $8.98 billion, a P/E ratio of 23.40, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52-week low of $50.89 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HAS. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. DA Davidson raised their target price 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. Roth Mkm lifted their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.