Krilogy Financial LLC Sells 1,242 Shares of Hasbro, Inc. (NASDAQ:HAS)

Krilogy Financial LLC lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,203 shares of the company’s stock after selling 1,242 shares during the period. Krilogy Financial LLC’s holdings in Hasbro were worth $1,734,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HAS. Kovitz Investment Group Partners LLC grew its holdings in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after acquiring an additional 2,427,299 shares during the period. Norges Bank bought a new stake in shares of Hasbro in the fourth quarter worth $96,359,000. Invesco Ltd. grew its holdings in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after acquiring an additional 701,660 shares during the period. Marshall Wace LLP grew its holdings in shares of Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock worth $147,791,000 after acquiring an additional 507,054 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after purchasing an additional 426,130 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of Hasbro stock opened at $67.81 on Friday. The stock’s 50-day simple moving average is $61.76 and its 200-day simple moving average is $60.82. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 0.60 and a beta of 0.56. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

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

Hasbro Dividend Announcement

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

Wall Street Analysts Forecast Growth

HAS has been the topic of several analyst reports. Citigroup upgraded 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. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Morgan Stanley lifted their target price on Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Finally, Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $80.38.

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.