Amalgamated Bank Decreases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Amalgamated Bank reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,536 shares of the company’s stock after selling 391 shares during the quarter. Amalgamated Bank’s holdings in Hasbro were worth $1,540,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HAS. Huntington National Bank raised its stake in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA grew its holdings in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the last quarter. Principal Securities Inc. raised its position in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after purchasing an additional 208 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Hasbro by 5.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after purchasing an additional 210 shares during the last quarter. Finally, Morningstar Investment Management LLC boosted its position in shares of Hasbro by 5.9% during the fourth quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after buying an additional 258 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $65.11 on Monday. Hasbro, Inc. has a 52 week low of $49.21 and a 52 week high of $73.46. The business’s 50 day moving average price is $59.26 and its 200 day moving average price is $64.31. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market cap of $9.08 billion, a P/E ratio of 23.68, a P/E/G ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HAS shares. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus lowered their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Morgan Stanley reaffirmed 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. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.