Centre Asset Management LLC Has $8.64 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Centre Asset Management LLC decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,472 shares of the company's stock after selling 9,929 shares during the period. Hasbro makes up 2.2% of Centre Asset Management LLC's portfolio, making the stock its 18th biggest position. Centre Asset Management LLC owned about 0.10% of Hasbro worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Commerce Bank grew its stake in shares of Hasbro by 1.2% in the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the last quarter. Keybank National Association OH grew its stake in shares of Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after purchasing an additional 180 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock worth $1,081,000 after purchasing an additional 192 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HAS shares. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Friday, April 25th. Finally, DA Davidson reiterated a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $80.38.

Hasbro Stock Performance

Hasbro stock traded down $0.05 on Friday, hitting $66.75. The company's stock had a trading volume of 2,145,385 shares, compared to its average volume of 1,670,564. The firm has a market cap of $9.35 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a fifty day moving average price of $60.00 and a 200-day moving average price of $60.50. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

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

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is presently 92.41%.

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.