Fifth Third Bancorp Reduces Holdings in Hasbro, Inc. (NASDAQ:HAS)

Fifth Third Bancorp trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,421 shares of the company’s stock after selling 231 shares during the quarter. Fifth Third Bancorp’s holdings in Hasbro were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Hasbro during the fourth quarter worth $540,000. Polymer Capital Management US LLC purchased a new position in Hasbro during the fourth quarter worth $502,000. Jones Financial Companies Lllp boosted its stake in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after buying an additional 5,778 shares during the period. Finally, 111 Capital purchased a new stake in shares of Hasbro during the fourth quarter valued at $281,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of recent analyst reports. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Citigroup boosted their target price on shares of Hasbro from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Roth Mkm boosted their target price 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. One equities 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 company’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Buy” and an average price target of $81.25.

Hasbro Stock Down 3.3%

NASDAQ:HAS opened at $67.50 on Wednesday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The company has a 50-day moving average of $62.39 and a 200 day moving average of $60.86. The firm has a market cap of $9.46 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.56. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.15%. Hasbro’s dividend payout ratio is presently 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.