Janney Montgomery Scott LLC Increases Position in Hasbro, Inc. $HAS

Janney Montgomery Scott LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 40.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,586 shares of the company’s stock after acquiring an additional 15,329 shares during the period. Janney Montgomery Scott LLC’s holdings in Hasbro were worth $5,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank grew its stake in Hasbro by 10.2% in the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after purchasing an additional 114 shares during the period. Personal CFO Solutions LLC raised its stake in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after purchasing an additional 137 shares during the period. Signaturefd LLC raised its stake in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after purchasing an additional 137 shares during the period. United Capital Financial Advisors LLC boosted its holdings in shares of Hasbro by 2.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Hasbro by 2.9% in the 4th quarter. Federated Hermes Inc. now owns 5,159 shares of the company’s stock worth $423,000 after buying an additional 147 shares during the last quarter. 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 research analyst reports. BNP Paribas Exane raised their price objective on shares of Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Citigroup dropped their target price on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Zacks Research raised shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Stock Performance

Shares of HAS opened at $80.15 on Monday. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The business has a 50-day moving average of $88.40 and a 200 day moving average of $90.45. The firm has a market cap of $11.34 billion, a P/E ratio of -48.28, a price-to-earnings-growth ratio of 1.97 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, research analysts forecast that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio is presently -168.67%.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.