Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,546 shares of the company’s stock after buying an additional 1,574 shares during the period. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $794,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HAS. Carolinas Wealth Consulting LLC grew its position in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Studio Investment Management LLC purchased a new position in Hasbro in the third quarter worth approximately $26,000. Worth Asset Management LLC acquired a new position in Hasbro during the 1st quarter worth approximately $27,000. ING Groep NV acquired a new position in Hasbro during the 3rd quarter worth approximately $29,000. Finally, Power Corp of Canada purchased a new stake in shares of Hasbro in the 1st quarter valued at approximately $29,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 1.0 %

Shares of NASDAQ HAS opened at $55.03 on Wednesday. The business has a 50-day moving average price of $53.12 and a 200 day moving average price of $51.15. The stock has a market cap of $7.64 billion, a PE ratio of -5.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. Hasbro’s revenue was down 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 3.24 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.09%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is currently -26.12%.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Monday. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Hasbro in a report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Hold” and a consensus target price of $61.90.

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.