Shell Asset Management Co. Trims Position in Hasbro, Inc. (NASDAQ:HAS)

Shell Asset Management Co. lessened its stake in shares of Hasbro, Inc. (NASDAQ:HASGet Rating) by 5.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,644 shares of the company’s stock after selling 479 shares during the quarter. Shell Asset Management Co.’s holdings in Hasbro were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HAS. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Hasbro by 3.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,458 shares of the company’s stock valued at $352,000 after acquiring an additional 107 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Hasbro by 4.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,728 shares of the company’s stock valued at $278,000 after acquiring an additional 117 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Hasbro by 2.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 5,458 shares of the company’s stock valued at $447,000 after acquiring an additional 121 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Hasbro by 32.8% during the 1st quarter. AdvisorNet Financial Inc now owns 498 shares of the company’s stock valued at $41,000 after acquiring an additional 123 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Hasbro by 28.1% during the 4th quarter. Bessemer Group Inc. now owns 588 shares of the company’s stock valued at $60,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 75.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAS. DA Davidson lifted their price target on Hasbro from $121.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. TheStreet downgraded Hasbro from a “b” rating to a “c+” rating in a research report on Tuesday, April 19th. Jefferies Financial Group dropped their target price on Hasbro from $115.00 to $100.00 in a research report on Friday, July 15th. Truist Financial dropped their target price on Hasbro from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Wednesday, July 20th. Finally, BMO Capital Markets dropped their target price on Hasbro from $85.00 to $80.00 in a research report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Hold” and an average price target of $105.70.

Hasbro Price Performance

HAS opened at $78.72 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.43. Hasbro, Inc. has a 52-week low of $76.93 and a 52-week high of $105.73. The stock has a market capitalization of $10.87 billion, a PE ratio of 20.29 and a beta of 0.84. The stock’s 50 day moving average price is $83.13 and its 200-day moving average price is $88.02.

Hasbro (NASDAQ:HASGet Rating) last posted its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.21. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Hasbro, Inc. will post 5.09 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $2.80 annualized dividend and a yield of 3.56%. Hasbro’s payout ratio is 72.16%.

Hasbro Company Profile

(Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

See Also

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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