Fox Run Management L.L.C. trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 29.3% during the fourth quarter, Holdings Channel reports. The firm owned 20,025 shares of the company’s stock after selling 8,306 shares during the period. Fox Run Management L.L.C.’s holdings in Hasbro were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in HAS. Brighton Jones LLC acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares during the period. Empowered Funds LLC raised its position in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP raised its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Hasbro during the 1st quarter worth approximately $292,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Hasbro Stock Performance
Shares of 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 capitalization of $11.82 billion, a price-to-earnings ratio of -50.33, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. The business 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. UBS Group increased their price target on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Monness Crespi & Hardt increased their price target on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Argus set a $105.00 price objective on Hasbro in a report on Friday, March 13th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 price objective on shares of Hasbro in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.64.
Check Out Our Latest Report on Hasbro
Hasbro Company Profile
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.
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