Hasbro, Inc. $HAS Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 18.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,230 shares of the company’s stock after selling 31,056 shares during the period. Sound Income Strategies LLC’s holdings in Hasbro were worth $12,176,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HAS. Huntington National Bank raised its position in shares of 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 in the last quarter. Personal CFO Solutions LLC grew its position in shares of Hasbro by 3.9% during the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares in the last quarter. Signaturefd LLC grew its position in shares of Hasbro by 6.4% during the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares in the last quarter. Severin Investments LLC increased its stake in shares of Hasbro by 3.1% in the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after buying an additional 137 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Hasbro by 21.3% in the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. UBS Group reaffirmed a “buy” rating and set a $110.00 price target on shares of Hasbro in a research report on Thursday, June 18th. Finally, DA Davidson reiterated a “neutral” rating and issued a $100.00 price target on shares of Hasbro in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Stock Performance

Hasbro stock opened at $80.15 on Friday. The company has a market cap of $11.34 billion, a PE ratio of -48.28, a P/E/G ratio of 1.99 and a beta of 0.49. The company has a fifty day moving average price of $88.61 and a two-hundred day moving average price of $90.46. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Research analysts expect that Hasbro, Inc. will post 6.01 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given 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 of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio is currently -168.67%.

About Hasbro

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.