Raymond James & Associates Sells 152,294 Shares of Hasbro, Inc. (NASDAQ:HAS)

Raymond James & Associates decreased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 81.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,488 shares of the company's stock after selling 152,294 shares during the quarter. Raymond James & Associates' holdings in Hasbro were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Vanguard Group Inc. lifted its position in Hasbro by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company's stock valued at $1,041,879,000 after buying an additional 55,258 shares during the period. State Street Corp raised its position in shares of Hasbro by 2.4% in the 2nd quarter. State Street Corp now owns 7,054,891 shares of the company's stock worth $456,945,000 after purchasing an additional 166,294 shares during the last quarter. Morgan Stanley raised its position in shares of 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. Bank of New York Mellon Corp raised its position in shares of Hasbro by 76.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company's stock worth $217,063,000 after purchasing an additional 1,423,517 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hasbro by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 2,807,983 shares of the company's stock worth $150,675,000 after purchasing an additional 72,270 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday. StockNews.com upgraded Hasbro from a "sell" rating to a "hold" rating in a report on Monday. DA Davidson reiterated a "neutral" rating and issued a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Bank of America lifted their price objective on Hasbro from $51.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Hasbro from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.60.

Hasbro Price Performance

HAS stock traded up $0.12 during midday trading on Thursday, hitting $54.94. The company's stock had a trading volume of 1,422,504 shares, compared to its average volume of 1,691,680. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. The company has a 50 day moving average of $53.30 and a two-hundred day moving average of $51.20.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm's revenue was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, analysts expect 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 given a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.10%. Hasbro's dividend payout ratio is currently -26.12%.

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.