Kingsview Wealth Management LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Kingsview Wealth Management LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,821 shares of the company's stock, valued at approximately $419,000.

A number of other institutional investors also recently bought and sold shares of HAS. Parvin Asset Management LLC purchased a new stake in Hasbro during the fourth quarter worth $25,000. Sentry Investment Management LLC purchased a new stake in shares of Hasbro in the first quarter valued at $28,000. SBI Securities Co. Ltd. lifted its position in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Hasbro by 32.1% in the fourth 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 in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the fourth quarter valued at $43,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAS. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup upped their price objective on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday. Roth Capital upped their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday. Bank of America upped their price objective on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the company from $66.00 to $85.00 in a research report on Monday, June 30th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $86.27.

Hasbro Trading Down 0.1%

NASDAQ HAS traded down $0.07 during trading hours on Friday, hitting $74.98. 2,541,981 shares of the company's stock were exchanged, compared to its average volume of 2,643,605. The business's 50 day moving average is $71.42 and its 200-day moving average is $63.73. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83. The firm has a market capitalization of $10.51 billion, a P/E ratio of -18.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. 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 released its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. The firm had revenue of $980.80 million for 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%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

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

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.