CNB Bank Has $86,000 Holdings in Hasbro, Inc. (NASDAQ:HAS)

CNB Bank lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 54.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,403 shares of the company’s stock after selling 1,680 shares during the period. CNB Bank’s holdings in Hasbro were worth $86,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAS. Brighton Jones LLC acquired a new position in shares of Hasbro in the 4th quarter valued at about $317,000. Bank of New York Mellon Corp increased its holdings in shares of Hasbro by 40.2% in the 4th 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 during the period. Los Angeles Capital Management LLC increased its holdings in shares of Hasbro by 14.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,788 shares of the company’s stock valued at $659,000 after purchasing an additional 1,516 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Hasbro in the 4th quarter valued at about $957,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Hasbro by 225.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $151,000 after purchasing an additional 1,873 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HAS shares. Citigroup reiterated a “buy” rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Morgan Stanley increased their price objective on Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Finally, DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $81.25.

Hasbro Stock Up 1.1%

Shares of Hasbro stock opened at $73.13 on Friday. The stock has a market capitalization of $10.25 billion, a P/E ratio of 24.14, a PEG ratio of 1.99 and a beta of 0.56. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The stock has a 50 day moving average price of $65.26 and a two-hundred day moving average price of $61.16. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. 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 3.83%. Hasbro’s payout ratio is currently 92.41%.

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.