Skba Capital Management LLC Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Skba Capital Management LLC lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,850 shares of the company’s stock after selling 4,500 shares during the quarter. Skba Capital Management LLC’s holdings in Hasbro were worth $6,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC purchased a new position in shares of Hasbro in the third quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the third quarter worth $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the third quarter valued at $45,000. Finally, Principal Securities Inc. increased its holdings in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.3 %

Shares of HAS opened at $60.59 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The business has a fifty day moving average of $61.18 and a 200 day moving average of $63.51. The company has a market cap of $8.45 billion, a PE ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52-week low of $54.26 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts expect 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. Shareholders 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 annualized dividend and a dividend yield of 4.62%. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on HAS shares. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.