Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 46.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,802 shares of the company’s stock after selling 4,133 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Hasbro were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after acquiring an additional 1,423,517 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Hasbro by 176.0% in the third quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after buying an additional 836,474 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Hasbro by 31.6% in the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after buying an additional 765,898 shares in the last quarter. Deutsche Bank AG increased its position in shares of Hasbro by 39.7% in the third quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock valued at $83,052,000 after buying an additional 356,718 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Hasbro by 154.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 329,672 shares of the company’s stock valued at $21,805,000 after buying an additional 199,900 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and issued a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Monness Crespi & Hardt increased their price objective on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Roth Mkm increased their price objective on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.73.

Hasbro Stock Performance

NASDAQ HAS opened at $64.47 on Friday. The firm has a market capitalization of $8.95 billion, a P/E ratio of -6.36, a P/E/G ratio of 1.08 and a beta of 0.74. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. The business’s 50-day simple moving average is $54.43 and its 200-day simple moving average is $51.12.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company’s revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Equities analysts predict that Hasbro, Inc. will post 3.46 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. Hasbro’s payout ratio is currently -27.61%.

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.