Argent Trust Co Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Argent Trust Co lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,178 shares of the company’s stock after selling 2,301 shares during the quarter. Argent Trust Co’s holdings in Hasbro were worth $1,005,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Alliance grew its stake in Hasbro by 22.0% during the 2nd quarter. Wealth Alliance now owns 4,377 shares of the company’s stock worth $256,000 after buying an additional 790 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after acquiring an additional 135,548 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Hasbro in the 2nd quarter worth about $27,000. NINE MASTS CAPITAL Ltd acquired a new position in Hasbro in the 2nd quarter worth about $305,000. Finally, Qsemble Capital Management LP acquired a new position in Hasbro in the 2nd quarter worth about $1,911,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $74.00 in a research report on Thursday, May 23rd. Stifel Nicolaus boosted their price target on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group boosted their target price on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Price Performance

HAS stock opened at $71.82 on Friday. The company has a market capitalization of $10.00 billion, a P/E ratio of -7.08, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $72.25. The business has a 50-day simple moving average of $65.26 and a two-hundred day simple moving average of $60.50.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue was down 17.7% compared to the same quarter last year. Research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.90%. Hasbro’s payout ratio is -27.61%.

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.