Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Albion Financial Group UT

Albion Financial Group UT decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,642 shares of the company's stock after selling 5,781 shares during the quarter. Albion Financial Group UT's holdings in Hasbro were worth $2,622,000 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. Parvin Asset Management LLC acquired a new stake in shares of Hasbro during the fourth quarter worth about $25,000. Sentry Investment Management LLC acquired a new stake in Hasbro during the 1st quarter valued at approximately $28,000. Itau Unibanco Holding S.A. boosted its holdings 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 valued at $41,000 after acquiring an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Hasbro in the fourth quarter worth $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Hasbro in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HAS. Citigroup reaffirmed a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, DA Davidson reaffirmed a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. One investment 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 company's stock. According to data from MarketBeat, Hasbro presently has an average rating of "Buy" and a consensus target price of $81.67.

Hasbro Price Performance

HAS traded down $0.67 during trading on Thursday, hitting $77.55. The company's stock had a trading volume of 1,692,972 shares, compared to its average volume of 1,711,825. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.12 and a beta of 0.59. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $78.87. The business's fifty day simple moving average is $66.72 and its 200 day simple moving average is $61.42. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly 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 firm had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. Hasbro's dividend payout ratio is currently 92.41%.

Hasbro Company 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.