Avior Wealth Management LLC Has $726,000 Holdings in Hasbro, Inc. (NASDAQ:HAS)

Avior Wealth Management LLC grew its position in Hasbro, Inc. (NASDAQ:HAS) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,218 shares of the company’s stock after purchasing an additional 2,218 shares during the period. Avior Wealth Management LLC’s holdings in Hasbro were worth $726,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HAS. Morgan Stanley increased its position in Hasbro by 232.3% in the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after purchasing an additional 2,541,129 shares during the last quarter. State Street Corp increased its holdings in shares of Hasbro by 35.8% during the 1st quarter. State Street Corp now owns 6,888,597 shares of the company’s stock valued at $369,849,000 after acquiring an additional 1,814,972 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hasbro by 76.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after acquiring an additional 1,423,517 shares during the last quarter. Norges Bank acquired a new position in shares of Hasbro during the 4th quarter valued at about $83,133,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Hasbro by 176.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after acquiring an additional 836,474 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 0.4 %

HAS opened at $54.82 on Thursday. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The firm’s fifty day moving average price is $53.21 and its two-hundred day moving average price is $51.18. The company has a market capitalization of $7.61 billion, a P/E ratio of -5.11, a P/E/G ratio of 1.46 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was down 23.2% on a year-over-year basis. On average, analysts anticipate that Hasbro, Inc. will post 3.25 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.11%. Hasbro’s dividend payout ratio is presently -26.12%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HAS. Stifel Nicolaus increased their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Financial Group increased their price objective on Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. increased their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Hold” and an average price target 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.