Schechter Investment Advisors LLC Has $326,000 Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Schechter Investment Advisors LLC cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,829 shares of the company’s stock after selling 354 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Hasbro were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd acquired a new position in shares of Hasbro in the fourth quarter worth $1,352,000. Jones Financial Companies Lllp grew its stake in Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after purchasing an additional 2,426 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Hasbro by 225.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $151,000 after purchasing an additional 1,873 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Hasbro during the 4th quarter worth about $957,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Hasbro by 14.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 11,788 shares of the company’s stock valued at $659,000 after buying an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 2.0 %

HAS stock opened at $63.04 on Thursday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a 50-day moving average of $59.60 and a two-hundred day moving average of $64.26. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52-week low of $50.51 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. 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 anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Wall Street Analyst Weigh In

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

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.