Hasbro, Inc. (NASDAQ:HAS) Holdings Lifted by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 5,782.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,125 shares of the company's stock after acquiring an additional 88,593 shares during the period. WASHINGTON TRUST Co owned approximately 0.06% of Hasbro worth $4,602,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HAS. Tectonic Advisors LLC increased its holdings in Hasbro by 30.4% during the fourth quarter. Tectonic Advisors LLC now owns 70,964 shares of the company's stock valued at $3,623,000 after buying an additional 16,548 shares during the last quarter. Thompson Investment Management Inc. bought a new position in shares of Hasbro in the fourth quarter worth approximately $272,000. Pacer Advisors Inc. boosted its position in shares of Hasbro by 15.3% in the fourth quarter. Pacer Advisors Inc. now owns 14,957 shares of the company's stock worth $764,000 after purchasing an additional 1,982 shares during the period. SG Americas Securities LLC boosted its position in shares of Hasbro by 328.2% in the fourth quarter. SG Americas Securities LLC now owns 6,945 shares of the company's stock worth $355,000 after purchasing an additional 5,323 shares during the period. Finally, Eagle Rock Investment Company LLC boosted its position in shares of Hasbro by 5.0% in the fourth quarter. Eagle Rock Investment Company LLC now owns 53,539 shares of the company's stock worth $2,734,000 after purchasing an additional 2,542 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Up 0.1 %

Hasbro stock traded up $0.04 during midday trading on Thursday, hitting $56.52. 1,079,867 shares of the company's stock were exchanged, compared to its average volume of 1,752,755. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a market cap of $7.84 billion, a PE ratio of -5.25, a P/E/G ratio of 1.46 and a beta of 0.73. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a 50-day moving average of $51.20 and a two-hundred day moving average of $52.30.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. The firm's quarterly revenue was down 23.2% on a year-over-year basis. As a group, analysts expect that Hasbro, Inc. will post 3.23 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Tuesday, April 30th. Hasbro's dividend payout ratio (DPR) is presently -26.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a research report on Monday, March 18th. Stifel Nicolaus restated a "buy" rating and set a $64.00 target price on shares of Hasbro in a research report on Wednesday, March 13th. DA Davidson restated a "neutral" rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday. Jefferies Financial Group upped their price target on shares of Hasbro from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, TheStreet downgraded shares of Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.10.

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.