Nisa Investment Advisors LLC Lowers Stake in Hasbro, Inc. (NASDAQ:HAS)

Posted by on Apr 29th, 2023

Nisa Investment Advisors LLC lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 43.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,272 shares of the company’s stock after selling 7,070 shares during the period. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HAS. American Century Companies Inc. lifted its holdings in Hasbro by 37.1% during the first quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock worth $851,000 after buying an additional 2,810 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Hasbro by 14.2% during the 1st quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock valued at $562,000 after purchasing an additional 850 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Hasbro by 23.0% during the 1st quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after purchasing an additional 6,597 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Hasbro by 61.8% during the 1st quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock valued at $1,486,000 after purchasing an additional 6,927 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Hasbro by 2.5% during the 1st quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after purchasing an additional 5,054 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $59.22 on Friday. The business’s 50-day moving average is $52.38 and its two-hundred day moving average is $58.58. The company has a market capitalization of $8.19 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.52 and a beta of 0.73. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.06 and a current ratio of 1.37. Hasbro, Inc. has a fifty-two week low of $45.75 and a fifty-two week high of $94.22.

Hasbro (NASDAQ:HAS – Get Rating) last announced 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 company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $883.06 million. Hasbro had a return on equity of 20.68% and a net margin of 3.47%. Hasbro’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Research analysts predict that Hasbro, Inc. will post 4.38 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.73%. The ex-dividend date is Friday, April 28th. Hasbro’s dividend payout ratio is currently 191.78%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HAS shares. Roth Capital reiterated a “buy” rating on shares of Hasbro in a report on Friday, February 17th. MKM Partners decreased their price objective on Hasbro from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, January 13th. The Goldman Sachs Group lowered Hasbro from a “buy” rating to a “neutral” rating and set a $64.00 price objective for the company. in a report on Wednesday, February 1st. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BMO Capital Markets cut their target price on Hasbro from $74.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.00.

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.

Featured Articles

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS – Get Rating).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.