Silver Lake Advisory LLC Has $1.79 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Silver Lake Advisory LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,039 shares of the company’s stock after selling 761 shares during the quarter. Silver Lake Advisory LLC’s holdings in Hasbro were worth $1,789,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC bought a new position in Hasbro during the third quarter worth $26,000. Parkside Financial Bank & Trust raised its holdings in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the last quarter. ING Groep NV purchased a new stake in shares of Hasbro in the third quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of Hasbro in the third quarter valued at about $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Hasbro by 118.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after buying an additional 456 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. DA Davidson lifted their price target on shares of Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday. Monness Crespi & Hardt boosted their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Roth Mkm boosted their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Hold” and a consensus price target of $66.36.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $0.15 during midday trading on Thursday, hitting $60.19. 493,069 shares of the company’s stock traded hands, compared to its average volume of 1,757,874. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of -5.94, a price-to-earnings-growth ratio of 0.99 and a beta of 0.67. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The firm has a fifty day moving average of $55.13 and a 200 day moving average of $51.24.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 3.61 earnings per share 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 paid 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 yield of 4.65%. Hasbro’s payout ratio is -27.61%.

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.