Commerce Bank Boosts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Commerce Bank increased its stake in Hasbro, Inc. (NASDAQ: HAS) by 282.4%, purchasing an additional 41,060 shares for a total of 55,600 shares worth approximately $3.42 million.
• Hasbro recently reported an earnings per share (EPS) of $1.30, significantly beating the consensus estimate of $0.78, despite a 1.5% revenue decline to $980.8 million compared to the same quarter last year.
• The company declared a quarterly dividend of $0.70, with a dividend yield of 3.6%, set to be paid to shareholders on September 3rd.

Commerce Bank boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 282.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,600 shares of the company's stock after purchasing an additional 41,060 shares during the quarter. Commerce Bank's holdings in Hasbro were worth $3,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new stake in Hasbro in the fourth quarter valued at approximately $25,000. Sentry Investment Management LLC bought a new stake in Hasbro in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after acquiring an additional 178 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Hasbro in the fourth quarter valued at approximately $43,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 0.1%

Hasbro stock traded up $0.08 during mid-day trading on Tuesday, hitting $76.97. The company had a trading volume of 2,205,051 shares, compared to its average volume of 2,610,537. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The stock's 50 day moving average price is $72.51 and its two-hundred day moving average price is $64.57. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $78.83. The company has a market capitalization of $10.79 billion, a PE ratio of -18.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The company had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. Hasbro's revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HAS. Citigroup increased their target price on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Monness Crespi & Hardt raised their target price on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Roth Capital lifted their target price on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.27.

About Hasbro

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.