Confluence Wealth Management LLC decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,076 shares of the company’s stock after selling 133 shares during the period. Confluence Wealth Management LLC’s holdings in Hasbro were worth $307,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. boosted its position in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the period. Van ECK Associates Corp boosted its position in Hasbro by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 1,548 shares of the company’s stock valued at $120,000 after buying an additional 193 shares during the period. Independent Advisor Alliance bought a new position in Hasbro during the fourth quarter valued at $126,000. Pinnacle Bank bought a new position in Hasbro during the first quarter valued at $139,000. Finally, Acadian Asset Management LLC boosted its position in Hasbro by 5,800.0% in the first quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after buying an additional 1,392 shares during the period. 79.72% of the stock is currently owned by institutional investors.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded up 1.91% during midday trading on Friday, reaching $101.43. 540,851 shares of the company traded hands. The company has a 50-day moving average of $98.76 and a 200 day moving average of $91.19. The firm has a market capitalization of $12.68 billion, a PE ratio of 22.55 and a beta of 0.77. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $104.14.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Hasbro had a net margin of 10.98% and a return on equity of 33.18%. The company had revenue of $849.70 million during the quarter, compared to analysts’ expectations of $818.27 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post $4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.29%. Hasbro’s payout ratio is currently 47.00%.
Several research firms recently weighed in on HAS. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley initiated coverage on shares of Hasbro in a research report on Sunday, April 9th. They set a “neutral” rating and a $111.00 target price for the company. BMO Capital Markets upped their target price on shares of Hasbro from $86.00 to $95.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “hold” rating and set a $82.00 target price on shares of Hasbro in a research report on Tuesday, January 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a research report on Tuesday, April 25th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $98.81.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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