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

Sciencast Management LP boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,700 shares of the company’s stock after buying an additional 298 shares during the quarter. Sciencast Management LP’s holdings in Hasbro were worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. True Wealth Design LLC bought a new position in Hasbro in the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in Hasbro in the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new stake in Hasbro in the third quarter valued at approximately $45,000. Finally, Principal Securities Inc. boosted its position in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HAS has been the topic of a number of research analyst reports. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $60.57 on Friday. The firm has a market cap of $8.45 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm’s fifty day moving average is $60.76 and its 200-day moving average is $63.75. 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 $54.05 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS 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 analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

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

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.