44 Wealth Management LLC Has $808,000 Stock Position in Hasbro, Inc. (NASDAQ:HAS)

44 Wealth Management LLC decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,450 shares of the company’s stock after selling 910 shares during the period. 44 Wealth Management LLC’s holdings in Hasbro were worth $808,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Morningstar Investment Management LLC increased its stake in shares of Hasbro by 5.9% during the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock worth $260,000 after purchasing an additional 258 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Hasbro by 76.4% during the 4th quarter. Ieq Capital LLC now owns 27,917 shares of the company’s stock worth $1,561,000 after buying an additional 12,091 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after buying an additional 210 shares during the period. Cardinal Capital Management boosted its holdings in shares of Hasbro by 3.6% during the 4th quarter. Cardinal Capital Management now owns 81,102 shares of the company’s stock worth $4,534,000 after buying an additional 2,831 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Hasbro by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 19,037 shares of the company’s stock worth $1,064,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of several recent analyst reports. Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus decreased 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. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday. Finally, DA Davidson upped their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Hasbro Price Performance

Shares of Hasbro stock opened at $67.56 on Friday. 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 fifty-two week low of $48.63 and a fifty-two week high of $73.46. The firm has a fifty day moving average price of $58.31 and a two-hundred day moving average price of $64.17. The company has a market cap of $9.42 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company’s stock.

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.