Park Avenue Securities LLC Raises Holdings in Hasbro, Inc. (NASDAQ:HAS)

Park Avenue Securities LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,802 shares of the company’s stock after acquiring an additional 630 shares during the period. Park Avenue Securities LLC’s holdings in Hasbro were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank grew its stake in Hasbro by 14.3% during the first quarter. Kennebec Savings Bank now owns 6,099 shares of the company’s stock worth $375,000 after buying an additional 762 shares during the period. Crestmont Private Wealth LLC acquired a new position in shares of Hasbro during the 1st quarter valued at $252,000. Sentry Investment Management LLC purchased a new stake in Hasbro during the 1st quarter worth $28,000. Merit Financial Group LLC acquired a new stake in Hasbro in the 1st quarter valued at $306,000. Finally, NBC Securities Inc. raised its position in Hasbro by 112,160.0% in the first quarter. NBC Securities Inc. now owns 5,613 shares of the company’s stock valued at $345,000 after purchasing an additional 5,608 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HAS shares. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Hasbro in a research report on Thursday, May 15th. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Roth Mkm lifted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Citigroup raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley raised their price target on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Buy” and an average price target of $80.38.

Hasbro Stock Performance

Hasbro stock opened at $67.81 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a 50 day moving average of $61.76 and a 200-day moving average of $60.80. The stock has a market cap of $9.50 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 0.60 and a beta of 0.56. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. On average, analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, May 21st. Hasbro’s payout ratio is currently 92.41%.

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.