Beacon Investment Advisory Services Inc. Has $3.25 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Beacon Investment Advisory Services Inc. lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 31,896 shares of the company’s stock after selling 138 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Hasbro were worth $3,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in Hasbro in the 3rd quarter valued at approximately $30,000. Carroll Financial Associates Inc. raised its position in Hasbro by 75.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 308 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the last quarter. Clearstead Advisors LLC raised its position in Hasbro by 118.1% in the 3rd quarter. Clearstead Advisors LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 189 shares during the last quarter. Lindbrook Capital LLC raised its position in Hasbro by 286.8% in the 4th quarter. Lindbrook Capital LLC now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 261 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in Hasbro by 400.0% in the 4th quarter. AdvisorNet Financial Inc now owns 375 shares of the company’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Shares of NASDAQ:HAS traded up $3.94 during trading on Tuesday, reaching $87.47. 40,427 shares of the company traded hands, compared to its average volume of 1,288,211. The company’s 50 day moving average is $89.60 and its two-hundred day moving average is $94.12. The firm has a market capitalization of $12.15 billion, a PE ratio of 27.31 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.52 and a debt-to-equity ratio of 1.25. Hasbro, Inc. has a 52 week low of $81.16 and a 52 week high of $105.73.

Hasbro (NASDAQ:HAS – Get Rating) last released its earnings results on Tuesday, April 19th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.11). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Hasbro had a net margin of 6.68% and a return on equity of 24.17%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 5.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from Hasbro’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, April 29th. Hasbro’s dividend payout ratio is presently 88.03%.

HAS has been the topic of several recent analyst reports. DA Davidson lowered their price target on Hasbro from $138.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. StockNews.com assumed coverage on Hasbro in a research note on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their target price on Hasbro from $110.00 to $99.00 and set a “neutral” rating for the company in a research note on Tuesday, February 8th. Finally, The Goldman Sachs Group reduced their target price on Hasbro from $128.00 to $119.00 in a research note on Wednesday, January 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of “Buy” and a consensus target price of $109.38.

Hasbro Company Profile (Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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