CoreCap Advisors LLC Purchases 27,248 Shares of Hasbro, Inc. (NASDAQ:HAS)

CoreCap Advisors LLC increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 24,328.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,360 shares of the company’s stock after purchasing an additional 27,248 shares during the period. CoreCap Advisors LLC’s holdings in Hasbro were worth $1,530,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in Hasbro in the fourth quarter valued at $25,000. Allworth Financial LP boosted its stake in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after acquiring an additional 178 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the fourth quarter valued at approximately $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Hasbro in the 4th quarter worth $44,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 0.6 %

Shares of NASDAQ HAS opened at $61.78 on Friday. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 0.60 and a beta of 0.54. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock’s 50-day simple moving average is $58.50 and its 200-day simple moving average is $60.49. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 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 analyst estimates of $770.60 million. During the same period in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. Hasbro’s dividend payout ratio (DPR) is 92.41%.

Analyst Ratings Changes

Several equities analysts have recently commented on HAS shares. DA Davidson raised Hasbro to a “hold” rating in a research note on Monday, April 14th. Roth Mkm upped their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Citigroup upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, April 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.89.

Hasbro 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.