GTS Securities LLC Sells 9,728 Shares of Hasbro, Inc. (NASDAQ:HAS)

GTS Securities LLC lowered its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,903 shares of the company's stock after selling 9,728 shares during the period. GTS Securities LLC's holdings in Hasbro were worth $721,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Parvin Asset Management LLC acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $25,000. Allworth Financial LP boosted its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Hasbro in the 4th quarter valued at $44,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Hasbro during the fourth quarter worth about $43,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAS has been the topic of several research reports. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research note on Friday, April 25th. Morgan Stanley restated an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, 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. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $81.25.

Hasbro Price Performance

Shares of HAS traded down $1.10 during mid-day trading on Wednesday, reaching $66.28. 1,182,449 shares of the stock traded hands, compared to its average volume of 1,719,147. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The firm has a fifty day moving average price of $59.66 and a 200 day moving average price of $60.43. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same period last year, the firm earned $0.61 earnings per share. Hasbro's quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

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.