Picton Mahoney Asset Management Trims Stake in Hasbro, Inc. (NASDAQ:HAS)

Picton Mahoney Asset Management trimmed its stake in Hasbro, Inc. (NASDAQ:HAS) by 24.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,666 shares of the company’s stock after selling 17,348 shares during the period. Picton Mahoney Asset Management’s holdings in Hasbro were worth $2,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its stake in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares in the last quarter. True Wealth Design LLC purchased a new stake in Hasbro in the 3rd quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new stake in Hasbro in the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB purchased a new stake in Hasbro in the 3rd quarter worth $45,000. Finally, Huntington National Bank increased its stake in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HAS. Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Up 0.8 %

Shares of NASDAQ:HAS opened at $59.79 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12 month low of $52.61 and a 12 month high of $73.46. The company has a 50-day moving average price of $60.43 and a 200 day moving average price of $64.02. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is 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.