EverSource Wealth Advisors LLC Sells 224 Shares of Hasbro, Inc. (NASDAQ:HAS)

EverSource Wealth Advisors LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,041 shares of the company’s stock after selling 224 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Hasbro were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAS. Pacer Advisors Inc. grew its holdings in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after buying an additional 426,130 shares during the period. Amundi boosted its position in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock worth $46,827,000 after buying an additional 423,249 shares during the period. Raymond James Financial Inc. acquired a new stake in Hasbro during the 4th quarter worth approximately $23,623,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Hasbro by 207.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after buying an additional 369,744 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 1.1 %

Shares of NASDAQ HAS opened at $60.62 on Thursday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 52-week low of $53.91 and a 52-week high of $73.46. The company’s 50 day moving average price is $60.62 and its 200-day moving average price is $63.85. The company has a market capitalization of $8.46 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its earnings results 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 for the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently announced 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 was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. Hasbro’s payout ratio is presently 101.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAS shares. Stifel Nicolaus cut 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. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, DA Davidson lifted their target price 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.