Proficio Capital Partners LLC Purchases Shares of 17,108 Hasbro, Inc. (NASDAQ:HAS)

Proficio Capital Partners LLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 17,108 shares of the company’s stock, valued at approximately $957,000.

A number of other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its holdings 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 in the last quarter. True Wealth Design LLC purchased a new position in Hasbro in the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro in the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro in the 3rd quarter worth approximately $45,000. Finally, Principal Securities Inc. increased its stake in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson boosted their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 0.3 %

Shares of HAS stock opened at $60.57 on Friday. The stock’s 50-day simple moving average is $60.76 and its 200-day simple moving average is $63.78. 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 firm has a market capitalization 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 fifty-two week low of $54.05 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.62%. Hasbro’s dividend payout ratio is currently 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.