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

EverSource Wealth Advisors LLC lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. Pacer Advisors Inc. increased its stake 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 in the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $83,068,000 after purchasing an additional 426,130 shares in the last quarter. Amundi increased its stake in Hasbro by 106.7% during the 4th quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after purchasing an additional 423,249 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hasbro during the 4th quarter valued at $23,623,000. Finally, Robeco Institutional Asset Management B.V. increased its stake 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 valued at $30,629,000 after purchasing an additional 369,744 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 several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm upped their target price 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. Stifel Nicolaus reduced their target price 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, DA Davidson upped their target price 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $60.62 on Thursday. The company’s 50-day moving average is $60.62 and its 200 day moving average is $63.85. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. 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, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion for 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, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

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