Belpointe Asset Management LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Belpointe Asset Management LLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,292 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its stake in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Worth Asset Management LLC acquired a new position in shares of Hasbro in the 1st quarter valued at $27,000. IFP Advisors Inc boosted its position in shares of Hasbro by 134.2% in the 3rd quarter. IFP Advisors Inc now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 373 shares during the last quarter. Power Corp of Canada acquired a new stake in shares of Hasbro during the first quarter worth $29,000. Finally, AdvisorNet Financial Inc increased its holdings in Hasbro by 38.4% in the fourth quarter. AdvisorNet Financial Inc now owns 602 shares of the company’s stock valued at $37,000 after purchasing an additional 167 shares during the last quarter. 80.87% of the stock is owned by institutional investors.

Hasbro Stock Performance

HAS opened at $60.32 on Friday. The business’s 50-day moving average price is $54.06 and its two-hundred day moving average price is $57.87. Hasbro, Inc. has a 1 year low of $45.75 and a 1 year high of $91.53. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 70.14, a P/E/G ratio of 5.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.96.

Hasbro (NASDAQ:HAS – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $883.06 million. Hasbro had a return on equity of 18.56% and a net margin of 2.11%. Hasbro’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. Equities analysts expect that Hasbro, Inc. will post 4.46 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, July 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.64%. Hasbro’s dividend payout ratio is 325.58%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAS. StockNews.com lowered Hasbro from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. UBS Group lowered their target price on shares of Hasbro from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 27th. Truist Financial decreased their target price on Hasbro from $70.00 to $62.00 in a research note on Friday, February 17th. 1-800-FLOWERS.COM reissued a “maintains” rating on shares of Hasbro in a research note on Friday, April 28th. Finally, Stifel Nicolaus boosted their target price on Hasbro from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.50.

About Hasbro

(Get Rating)

Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.