Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Cut by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 51.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,218 shares of the company’s stock after selling 4,506 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Hasbro were worth $236,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after acquiring an additional 989,906 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Hasbro by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 97,039 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Hasbro by 9.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock worth $56,034,000 after acquiring an additional 66,995 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $68.02 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1 year low of $48.72 and a 1 year high of $73.46. The business has a fifty day simple moving average of $58.91 and a 200 day simple moving average of $64.29. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. Hasbro’s dividend payout ratio is 101.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HAS. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday. Finally, Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is owned by corporate insiders.

Hasbro Company Profile

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.