Price T Rowe Associates Inc. MD Has $21.55 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Price T Rowe Associates Inc. MD decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,362 shares of the company’s stock after selling 12,532 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Hasbro were worth $21,548,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in shares of Hasbro during the 4th quarter worth about $26,000. Rosenberg Matthew Hamilton increased its position in shares of Hasbro by 135.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 320 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares in the last quarter. Clearview Wealth Advisors LLC acquired a new stake in shares of Hasbro during the 4th quarter worth about $36,000. Financial Avengers Inc. acquired a new stake in shares of Hasbro during the 4th quarter worth about $38,000. Finally, Signet Investment Advisory Group Inc. bought a new stake in Hasbro during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 79.27% of the company’s stock.

Shares of NASDAQ:HAS opened at $97.19 on Thursday. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 2.55 and a beta of 0.90. The firm’s 50 day simple moving average is $94.77 and its 200 day simple moving average is $91.32. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.39. Hasbro, Inc. has a fifty-two week low of $60.20 and a fifty-two week high of $101.24.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Sunday, February 7th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.13. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Hasbro had a net margin of 7.44% and a return on equity of 17.99%. Hasbro’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Monday, May 3rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.72 annualized dividend and a yield of 2.80%. Hasbro’s dividend payout ratio (DPR) is currently 66.67%.

A number of equities research analysts have commented on HAS shares. Truist Securities increased their price objective on shares of Hasbro from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, March 22nd. Jefferies Financial Group decreased their price objective on shares of Hasbro from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, February 9th. Smith Barney Citigroup started coverage on shares of Hasbro in a report on Wednesday, December 9th. They set a “buy” rating and a $120.00 price objective on the stock. DA Davidson increased their price objective on shares of Hasbro from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. Finally, Bank of America increased their price objective on shares of Hasbro from $92.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday, February 4th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $94.38.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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