Skba Capital Management LLC Cuts Position in Hasbro, Inc. (NASDAQ:HAS)

Skba Capital Management LLC trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 107,850 shares of the company’s stock after selling 4,500 shares during the period. Skba Capital Management LLC owned approximately 0.08% of Hasbro worth $6,030,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in 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. Norges Bank bought a new position in shares of Hasbro in the fourth quarter worth approximately $96,359,000. Bank of New York Mellon Corp grew its holdings in shares of Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after buying an additional 426,130 shares during the last quarter. Amundi grew its holdings in shares of Hasbro by 106.7% during the fourth quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after buying an additional 423,249 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $23,623,000. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the topic of several analyst reports. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson boosted their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $60.59 on Monday. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth 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. The firm has a 50 day moving average of $61.18 and a 200 day moving average of $63.51.

Hasbro (NASDAQ:HAS) last issued 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. The firm 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, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 currently 101.82%.

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.