Great Lakes Advisors LLC Lowers Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Great Lakes Advisors LLC reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 322,552 shares of the company’s stock after selling 10,748 shares during the period. Great Lakes Advisors LLC’s holdings in Hasbro were worth $18,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Huntington National Bank boosted its stake in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Hasbro by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after buying an additional 166 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after buying an additional 180 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of 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. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Hasbro by 5.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock valued at $225,000 after buying an additional 210 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HAS. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

NASDAQ HAS opened at $61.86 on Thursday. Hasbro, Inc. has a fifty-two week low of $52.47 and a fifty-two week high of $73.46. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The business has a fifty day moving average of $60.31 and a 200-day moving average of $64.14. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.