Crestwood Advisors Group LLC Has $493,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Crestwood Advisors Group LLC reduced its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 66.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,652 shares of the company's stock after selling 18,740 shares during the period. Crestwood Advisors Group LLC's holdings in Hasbro were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HAS. American Century Companies Inc. lifted its holdings in shares of Hasbro by 37.1% during the first quarter. American Century Companies Inc. now owns 10,385 shares of the company's stock worth $851,000 after purchasing an additional 2,810 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Hasbro by 14.2% during the first quarter. Private Advisor Group LLC now owns 6,850 shares of the company's stock worth $562,000 after purchasing an additional 850 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Hasbro by 23.0% during the first quarter. MetLife Investment Management LLC now owns 35,245 shares of the company's stock worth $2,887,000 after purchasing an additional 6,597 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Hasbro by 61.8% during the first quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company's stock worth $1,486,000 after purchasing an additional 6,927 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Hasbro by 2.5% during the first quarter. Rhumbline Advisers now owns 210,792 shares of the company's stock worth $17,268,000 after purchasing an additional 5,054 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Down 0.4 %

Hasbro stock traded down $0.21 during midday trading on Monday, hitting $55.59. 1,197,350 shares of the company were exchanged, compared to its average volume of 1,713,896. The company's fifty day moving average price is $52.87 and its 200-day moving average price is $51.30. The company has a market cap of $7.72 billion, a PE ratio of -5.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $1.31 earnings per share. The business's revenue was down 23.2% on a year-over-year basis. On average, research analysts predict that Hasbro, Inc. will post 3.24 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro's payout ratio is -26.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HAS shares. Roth Mkm raised their target price on Hasbro from $60.00 to $65.00 and gave the company a "buy" rating in a report on Monday, April 8th. StockNews.com downgraded Hasbro from a "hold" rating to a "sell" rating in a research note on Friday, March 29th. Jefferies Financial Group lifted their price target on Hasbro from $58.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. DA Davidson reaffirmed a "neutral" rating and set a $52.00 price target on shares of Hasbro in a research note on Tuesday, March 26th. Finally, TheStreet downgraded Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.90.

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.