Ashton Thomas Private Wealth LLC Has $731,000 Stake in Hasbro, Inc. (NASDAQ:HAS)

Ashton Thomas Private Wealth LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,076 shares of the company’s stock after buying an additional 1,050 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Hasbro were worth $731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HAS. True Wealth Design LLC bought a new position in Hasbro in the third quarter valued at $31,000. Allworth Financial LP boosted its stake in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro in the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro in the third quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC bought a new stake in Hasbro during the third quarter worth about $49,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of HAS opened at $64.35 on Monday. The company’s 50-day moving average is $59.89 and its 200-day moving average is $64.21. 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 firm has a market capitalization of $8.98 billion, a PE ratio of 23.40, a PEG ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a fifty-two week low of $50.89 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly 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 net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HAS shares. Roth Mkm raised 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 target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson upped their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note 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, Hasbro has an average rating of “Moderate Buy” and an average price target 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.