Kestra Private Wealth Services LLC Lowers Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Kestra Private Wealth Services LLC lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 44.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,220 shares of the company's stock after selling 9,721 shares during the period. Kestra Private Wealth Services LLC's holdings in Hasbro were worth $751,000 at the end of the most recent reporting period.

Several other large 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 in the 1st quarter valued at approximately $28,000. SBI Securities Co. Ltd. raised its position in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in 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 buying an additional 178 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their target price for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Morgan Stanley raised their price target on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup raised their price target on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Hasbro has an average rating of "Moderate Buy" and an average target price of $86.27.

Hasbro Stock Down 0.1%

Shares of Hasbro stock traded down $0.07 on Friday, hitting $74.98. The company had a trading volume of 2,541,981 shares, compared to its average volume of 2,643,605. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of -18.47, a P/E/G ratio of 1.06 and a beta of 0.59. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $78.83. The stock has a 50 day moving average of $71.42 and a 200-day moving average of $63.69. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.40 and a current ratio of 1.66.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's payout ratio is currently -68.97%.

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.