Crestwood Advisors Group LLC Reduces Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Crestwood Advisors Group LLC trimmed its position in Hasbro, Inc. (NASDAQ:HAS) by 66.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,652 shares of the company’s stock after selling 18,740 shares during the period. Crestwood Advisors Group LLC’s holdings in Hasbro were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Carolinas Wealth Consulting LLC raised its stake in shares of Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the period. Studio Investment Management LLC bought a new position in shares of Hasbro in the third quarter worth about $26,000. Worth Asset Management LLC bought a new position in shares of Hasbro in the first quarter worth about $27,000. ING Groep NV bought a new position in shares of Hasbro in the third quarter worth about $29,000. Finally, Power Corp of Canada bought a new position in shares of Hasbro in the first quarter worth about $29,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HAS. DA Davidson reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Jefferies Financial Group raised their price objective on Hasbro from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Roth Mkm raised their price objective on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price on shares of Hasbro in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lifted their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.60.

Hasbro Stock Performance

NASDAQ HAS opened at $55.80 on Monday. The stock has a market capitalization of $7.74 billion, a PE ratio of -5.21, a P/E/G ratio of 1.48 and a beta of 0.74. The business has a 50 day simple moving average of $52.87 and a two-hundred day simple moving average of $51.30. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business’s quarterly revenue was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. On average, research analysts predict that Hasbro, Inc. will post 3.24 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is -26.12%.

Hasbro 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.