CANADA LIFE ASSURANCE Co Sells 3,563 Shares of Hasbro, Inc. (NASDAQ:HAS)

CANADA LIFE ASSURANCE Co lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,822 shares of the company’s stock after selling 3,563 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Hasbro were worth $3,063,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Trust acquired a new stake in Hasbro in the third quarter valued at $634,000. Jones Financial Companies Lllp raised its position in shares of Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after acquiring an additional 2,426 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Hasbro in the fourth quarter worth approximately $502,000. Capital Wealth Management LLC bought a new stake in Hasbro in the fourth quarter valued at approximately $496,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Hasbro during the 4th quarter valued at approximately $540,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HAS shares. Citigroup upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a research report on Tuesday. Finally, DA Davidson raised Hasbro to a “hold” rating in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $79.89.

Hasbro Trading Up 1.0 %

Shares of Hasbro stock opened at $60.99 on Friday. The stock has a market capitalization of $8.53 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The stock has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $61.15. 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 posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Wednesday, May 21st. Hasbro’s payout ratio is presently 101.82%.

About Hasbro

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.