TD Private Client Wealth LLC Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

TD Private Client Wealth LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,153 shares of the company’s stock after purchasing an additional 3,222 shares during the period. TD Private Client Wealth LLC’s holdings in Hasbro were worth $3,140,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HAS. Allworth Financial LP raised its holdings in 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 in the last quarter. True Wealth Design LLC purchased a new position in Hasbro during the third quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro in the third quarter valued at about $45,000. Finally, Principal Securities Inc. increased its holdings in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAS. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus dropped their target price 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. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 0.3 %

Shares of NASDAQ HAS opened at $60.57 on Friday. Hasbro, Inc. has a 1 year low of $54.05 and a 1 year high of $73.46. The firm’s 50 day moving average price is $60.76 and its 200 day moving average price is $63.78. The firm has a market cap of $8.45 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. 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 (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.62%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

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.