Koss Olinger Consulting LLC Lowers Stake in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Koss Olinger Consulting LLC reduced its holdings in Hasbro, Inc. by 85.9%, now owning 4,980 shares worth approximately $306,000.
• Hasbro reported earnings per share of $1.30 for the last quarter, surpassing expectations and showing a 1.5% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.70, representing an annual yield of 3.6%, with a payout scheduled for September 3rd.

Koss Olinger Consulting LLC lessened its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 85.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,980 shares of the company's stock after selling 30,340 shares during the period. Koss Olinger Consulting LLC's holdings in Hasbro were worth $306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Parvin Asset Management LLC purchased a new stake in Hasbro in the 4th quarter valued at about $25,000. Sentry Investment Management LLC purchased a new stake in Hasbro in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its position in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after purchasing an additional 269 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Hasbro by 32.1% during the fourth 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. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Hasbro during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Trading Up 0.2%

NASDAQ HAS opened at $77.49 on Monday. The stock has a market cap of $10.87 billion, a P/E ratio of -19.09, a PEG ratio of 1.02 and a beta of 0.60. The company's fifty day simple moving average is $73.34 and its 200-day simple moving average is $65.12. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro's dividend payout ratio is currently -68.97%.

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and boosted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Monness Crespi & Hardt lifted their price objective on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Citigroup increased their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.27.

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.

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