Securian Asset Management Inc. Lowers Stake in Hasbro, Inc. (NASDAQ:HAS)

Securian Asset Management Inc. lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 6,956 shares of the company’s stock after selling 202 shares during the period. Securian Asset Management Inc.’s holdings in Hasbro were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HAS. Allworth Financial LP raised its position 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 purchasing an additional 263 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Hasbro during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro during the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro during the 3rd quarter worth about $45,000. Finally, Huntington National Bank raised its position in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.4 %

Shares of NASDAQ HAS opened at $59.96 on Wednesday. The company has a 50 day simple moving average of $60.55 and a 200-day simple moving average of $63.88. The company has a market capitalization of $8.37 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 1 year low of $53.33 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.67%. Hasbro’s payout ratio is currently 101.82%.

Analyst Ratings Changes

Several research analysts recently weighed in on HAS shares. 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. Stifel Nicolaus cut their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Company 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.