Crestmont Private Wealth LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Crestmont Private Wealth LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,101 shares of the company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its position in shares of Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares in the last quarter. Norges Bank purchased a new position in shares of Hasbro during the 4th quarter valued at about $96,359,000. Invesco Ltd. lifted its position in shares of Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after buying an additional 507,054 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after buying an additional 426,130 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on HAS shares. DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Friday, April 25th. Finally, Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Hasbro has an average rating of "Buy" and an average target price of $80.38.

Hasbro Price Performance

Shares of HAS traded down $0.25 during mid-day trading on Thursday, hitting $65.18. 1,441,433 shares of the stock were exchanged, compared to its average volume of 1,664,451. The company has a market cap of $9.13 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The firm has a 50-day moving average of $60.26 and a two-hundred day moving average of $60.57. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's dividend payout ratio is currently 92.41%.

Hasbro Profile

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.