Creative Planning Has $645,000 Holdings in Hasbro, Inc. (HAS)

Creative Planning raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,581 shares of the company’s stock after purchasing an additional 99 shares during the period. Creative Planning’s holdings in Hasbro were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc boosted its stake in shares of Hasbro by 2.9% in the third quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock worth $1,384,826,000 after acquiring an additional 368,897 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after acquiring an additional 356,569 shares during the last quarter. Ronna Sue Cohen boosted its stake in shares of Hasbro by 8,221.2% in the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after acquiring an additional 3,565,801 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hasbro by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock worth $290,117,000 after acquiring an additional 213,975 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Hasbro by 21.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after acquiring an additional 597,909 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on the company. DA Davidson boosted their price objective on Hasbro to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a research note on Wednesday, April 24th. Barclays boosted their price objective on Hasbro from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Argus lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, TheStreet raised Hasbro from a “c+” rating to a “b-” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Hasbro has an average rating of “Buy” and a consensus price target of $106.07.

In other news, EVP Stephen J. Davis sold 4,200 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $98.24, for a total transaction of $412,608.00. Following the completion of the transaction, the executive vice president now directly owns 39,238 shares of the company’s stock, valued at approximately $3,854,741.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total value of $387,135.00. Following the transaction, the executive vice president now directly owns 20,795 shares of the company’s stock, valued at $2,183,475. The disclosure for this sale can be found here. Insiders have sold a total of 350,256 shares of company stock valued at $35,900,627 over the last three months. 9.30% of the stock is currently owned by insiders.

Shares of HAS stock traded down $0.72 on Wednesday, hitting $97.14. The stock had a trading volume of 535,385 shares, compared to its average volume of 1,248,160. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $12.37 billion, a PE ratio of 25.23, a P/E/G ratio of 2.04 and a beta of 0.98. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $109.60.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that Hasbro, Inc. will post 4.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $2.72 annualized dividend and a yield of 2.80%. Hasbro’s payout ratio is 70.65%.

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About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

Further Reading: Moving Average Convergence Divergence (MACD)

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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