Sciencast Management LP Acquires 298 Shares of Hasbro, Inc. (NASDAQ:HAS)

Sciencast Management LP raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,700 shares of the company’s stock after acquiring an additional 298 shares during the period. Sciencast Management LP’s holdings in Hasbro were worth $542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Hasbro by 9.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,983 shares of the company’s stock valued at $4,049,000 after buying an additional 4,617 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Hasbro by 4.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,168 shares of the company’s stock worth $2,399,000 after purchasing an additional 1,541 shares in the last quarter. Jennison Associates LLC bought a new position in Hasbro during the 3rd quarter worth about $2,949,000. Advisors Asset Management Inc. increased its holdings in Hasbro by 306.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,462 shares of the company’s stock worth $757,000 after purchasing an additional 7,890 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Hasbro by 3.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,733 shares of the company’s stock worth $12,347,000 after purchasing an additional 4,964 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus reduced their price objective 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. Finally, Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Up 0.3 %

Shares of HAS opened at $60.57 on Friday. Hasbro, Inc. has a 12 month low of $54.05 and a 12 month high of $73.46. The firm’s 50 day moving average is $60.76 and its 200-day moving average is $63.75. The stock has a market capitalization of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. Hasbro’s dividend payout ratio is presently 101.82%.

About Hasbro

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.