International Assets Investment Management LLC Cuts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

International Assets Investment Management LLC lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,258 shares of the company’s stock after selling 1,023 shares during the period. International Assets Investment Management LLC’s holdings in Hasbro were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HAS. Studio Investment Management LLC purchased a new position in shares of Hasbro in the 3rd quarter valued at $26,000. ING Groep NV purchased a new position in shares of Hasbro in the 3rd quarter valued at $29,000. Orion Capital Management LLC purchased a new stake in Hasbro during the 3rd quarter worth $37,000. Harvest Fund Management Co. Ltd purchased a new stake in Hasbro during the 3rd quarter worth $54,000. Finally, CWM LLC increased its stake in Hasbro by 19.2% during the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 11.9 %

NASDAQ HAS opened at $65.03 on Thursday. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The company has a 50-day simple moving average of $53.88 and a 200-day simple moving average of $51.05. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $9.03 billion, a PE ratio of -6.07, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same period in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was down 24.3% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post 3.26 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HAS. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Jefferies Financial Group lifted their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.80.

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.