First National Trust Co Cuts Position in Hasbro, Inc. (NASDAQ:HAS)

First National Trust Co reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,641 shares of the company’s stock after selling 6,722 shares during the period. First National Trust Co’s holdings in Hasbro were worth $1,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HAS. Studio Investment Management LLC acquired a new stake in Hasbro in the third quarter valued at $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares in the last quarter. ING Groep NV acquired a new stake in shares of Hasbro in the third quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new position in shares of Hasbro during the 3rd quarter worth approximately $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after purchasing an additional 456 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Up 0.5 %

Hasbro stock traded up $0.30 during midday trading on Friday, hitting $61.48. 1,327,910 shares of the stock were exchanged, compared to its average volume of 1,882,163. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a market cap of $8.56 billion, a P/E ratio of -6.06, a P/E/G ratio of 0.99 and a beta of 0.67. The company has a 50 day moving average price of $55.59 and a two-hundred day moving average price of $51.29.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro, Inc. will post 3.61 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -27.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HAS shares. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. DA Davidson boosted their target price on shares of Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Bank of America upped their target price on shares of Hasbro from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their price target on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Roth Mkm upped their price objective on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.36.

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.