Valley National Advisers Inc. Has $2.77 Million Position in Hasbro, Inc. (HAS)

Valley National Advisers Inc. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 30.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,747 shares of the company’s stock after selling 11,936 shares during the period. Hasbro comprises 1.1% of Valley National Advisers Inc.’s portfolio, making the stock its 18th largest position. Valley National Advisers Inc.’s holdings in Hasbro were worth $2,770,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bollard Group LLC boosted its position in shares of Hasbro by 0.5% in the first quarter. Bollard Group LLC now owns 7,050 shares of the company’s stock worth $704,000 after buying an additional 36 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Hasbro by 0.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,468 shares of the company’s stock worth $662,000 after buying an additional 38 shares during the period. Genesee Valley Trust Co. boosted its position in shares of Hasbro by 1.2% in the first quarter. Genesee Valley Trust Co. now owns 3,500 shares of the company’s stock worth $349,000 after buying an additional 43 shares during the period. Coe Capital Management LLC boosted its position in shares of Hasbro by 0.3% in the first quarter. Coe Capital Management LLC now owns 19,100 shares of the company’s stock worth $1,907,000 after buying an additional 55 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of Hasbro by 0.7% in the first quarter. Advantus Capital Management Inc now owns 11,186 shares of the company’s stock worth $1,117,000 after buying an additional 77 shares during the period. 79.42% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) traded up 0.44% during trading on Tuesday, hitting $111.79. 325,907 shares of the stock were exchanged. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 24.85 and a beta of 0.87. The stock’s 50 day moving average is $104.02 and its 200-day moving average is $94.68. Hasbro, Inc. has a one year low of $76.14 and a one year high of $111.83.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $849.70 million for the quarter, compared to analysts’ expectations of $818.27 million. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. Hasbro’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, equities research analysts expect that Hasbro, Inc. will post $4.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 dividend on an annualized basis and a yield of 2.05%. Hasbro’s dividend payout ratio is currently 50.67%.

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Several research analysts have commented on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price target on shares of Hasbro in a report on Monday. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Wednesday, June 14th. Argus assumed coverage on shares of Hasbro in a report on Friday. They set a “buy” rating and a $128.00 price target for the company. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 price target (up previously from $95.00) on shares of Hasbro in a report on Tuesday, April 25th. Finally, MKM Partners reiterated a “neutral” rating and set a $102.00 price target (up previously from $100.00) on shares of Hasbro in a report on Wednesday, April 26th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.76.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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