First National Trust Co Sells 6,722 Shares of Hasbro, Inc. (NASDAQ:HAS)

First National Trust Co lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.4% in the fourth quarter, Holdings Channel reports. The firm owned 24,641 shares of the company’s stock after selling 6,722 shares during the period. First National Trust Co’s holdings in Hasbro were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina increased its stake in shares of Hasbro by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock worth $3,905,000 after purchasing an additional 220 shares during the period. Teacher Retirement System of Texas increased its position in Hasbro by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock worth $675,000 after buying an additional 246 shares during the period. Arizona State Retirement System lifted its holdings in shares of Hasbro by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after buying an additional 300 shares during the last quarter. Studio Investment Management LLC bought a new stake in shares of Hasbro in the third quarter valued at approximately $26,000. Finally, Empirical Finance LLC grew its stake in shares of Hasbro by 10.8% in the third quarter. Empirical Finance LLC now owns 4,193 shares of the company’s stock worth $277,000 after acquiring an additional 407 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 0.5 %

Shares of NASDAQ HAS traded up $0.30 during midday trading on Friday, hitting $61.48. The stock had a trading volume of 1,327,910 shares, compared to its average volume of 1,882,163. The firm has a market cap of $8.56 billion, a P/E ratio of -6.06, a price-to-earnings-growth ratio of 0.99 and a beta of 0.67. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The company’s 50-day simple moving average is $55.59 and its 200 day simple moving average is $51.29.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same period last year, the company earned $0.01 earnings per share. The company’s revenue was down 24.3% on a year-over-year basis. Research analysts anticipate that Hasbro, Inc. will post 3.61 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 4.55%. Hasbro’s dividend payout ratio is currently -27.61%.

Analysts Set New Price Targets

Several research firms recently commented on HAS. Stifel Nicolaus upped their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Roth Mkm upped their price objective on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group increased their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.36.

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.