Hasbro, Inc. $HAS Position Decreased by Vestcor Inc

Vestcor Inc decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 69.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,993 shares of the company’s stock after selling 8,888 shares during the period. Vestcor Inc’s holdings in Hasbro were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after buying an additional 114 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Hasbro by 3.9% in the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares during the period. Signaturefd LLC boosted its holdings in shares of Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares during the period. United Capital Financial Advisors LLC boosted its holdings in shares of Hasbro by 2.2% in the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Hasbro by 2.0% in the third quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after buying an additional 152 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS stock opened at $84.26 on Wednesday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a market cap of $11.92 billion, a P/E ratio of -50.76, a P/E/G ratio of 2.06 and a beta of 0.48. The firm has a 50 day simple moving average of $91.51 and a 200 day simple moving average of $90.19. Hasbro, Inc. has a 52 week low of $67.11 and a 52 week high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HAS shares. The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company decreased their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday. Argus set a $105.00 target price on shares of Hasbro in a report on Friday, March 13th. Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings cut shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.