Creative Planning decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.7% during the second quarter, HoldingsChannel reports. The firm owned 5,675 shares of the company’s stock after selling 904 shares during the quarter. Creative Planning’s holdings in Hasbro were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Stephenson National Bank & Trust boosted its holdings in shares of Hasbro by 9.6% in the 1st quarter. Stephenson National Bank & Trust now owns 1,558 shares of the company’s stock valued at $111,000 after acquiring an additional 136 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Hasbro by 1.2% in the 2nd quarter. Aptus Capital Advisors LLC now owns 11,405 shares of the company’s stock valued at $854,000 after acquiring an additional 138 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Hasbro by 38.5% in the 1st quarter. Simon Quick Advisors LLC now owns 500 shares of the company’s stock valued at $36,000 after acquiring an additional 139 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Hasbro by 0.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,370 shares of the company’s stock valued at $1,243,000 after acquiring an additional 151 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of Hasbro by 9.1% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,902 shares of the company’s stock valued at $136,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
Several research firms have recently commented on HAS. Jefferies Financial Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Hasbro in a report on Tuesday, June 16th. Argus lowered their price target on shares of Hasbro from $100.00 to $90.00 in a report on Wednesday, June 3rd. BMO Capital Markets lowered their price target on shares of Hasbro from $76.00 to $69.00 and set a “market perform” rating on the stock in a report on Tuesday, July 28th. BidaskClub downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a report on Tuesday, June 23rd. Finally, UBS Group lowered their price target on shares of Hasbro from $117.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $85.76.
HAS opened at $72.76 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.61 and a debt-to-equity ratio of 1.82. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.61 and a beta of 0.97. Hasbro, Inc. has a 52-week low of $41.33 and a 52-week high of $123.89. The firm’s fifty day simple moving average is $74.56 and its two-hundred day simple moving average is $77.88.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.21). The company had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $986.51 million. Hasbro had a net margin of 7.58% and a return on equity of 18.71%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. On average, research analysts forecast that Hasbro, Inc. will post 3.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, October 30th. Hasbro’s dividend payout ratio (DPR) is 66.67%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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