Crossmark Global Holdings Inc. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 84.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,704 shares of the company's stock after selling 48,369 shares during the period. Crossmark Global Holdings Inc.'s holdings in Hasbro were worth $535,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after buying an additional 2,866 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock worth $1,754,000 after buying an additional 1,072 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after buying an additional 6,225 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Hasbro in the 4th quarter valued at about $540,000. Finally, Polymer Capital Management US LLC acquired a new position in Hasbro in the 4th quarter valued at about $502,000. Institutional investors and hedge funds own 91.83% of the company's stock.
Hasbro Trading Down 2.2%
Shares of NASDAQ HAS traded down $1.73 on Friday, reaching $75.37. 1,679,273 shares of the company traded hands, compared to its average volume of 1,744,245. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83. The company has a 50 day moving average of $68.89 and a 200 day moving average of $62.36. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $10.56 billion, a PE ratio of 24.87, a P/E/G ratio of 2.08 and a beta of 0.59.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the prior year, the company posted $0.61 EPS. The company's quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's payout ratio is currently 92.41%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on HAS. Morgan Stanley boosted their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and boosted their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Citigroup reissued a "buy" rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of "Buy" and an average price target of $81.67.
Get Our Latest Report on HAS
Hasbro Profile
(
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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