Choreo LLC lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 31.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,717 shares of the company's stock after selling 6,885 shares during the period. Choreo LLC's holdings in Hasbro were worth $905,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HAS. 4WEALTH Advisors Inc. bought a new position in Hasbro in the first quarter valued at about $254,000. Wealth Alliance LLC bought a new position in Hasbro in the first quarter valued at about $207,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Hasbro by 3.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,087 shares of the company's stock valued at $621,000 after acquiring an additional 306 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Hasbro by 62.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,109 shares of the company's stock valued at $745,000 after acquiring an additional 4,633 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in Hasbro in the first quarter valued at about $419,000. Institutional investors own 91.83% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on HAS shares. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Citigroup raised their price target on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson raised their target price on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday. Monness Crespi & Hardt raised their target price on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Bank of America raised their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and an average price target of $86.27.
View Our Latest Stock Analysis on HAS
Hasbro Trading Down 0.1%
NASDAQ HAS opened at $74.98 on Friday. The firm has a market cap of $10.51 billion, a P/E ratio of -18.47, a P/E/G ratio of 1.06 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.40. The stock's 50-day moving average is $71.42 and its 200-day moving average is $63.73. Hasbro, Inc. has a one year low of $49.00 and a one year high of $78.83.
Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. Hasbro's revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share. Sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th 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 3.73%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio is currently -68.97%.
Hasbro Company Profile
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Free Report)
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.
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