Janney Montgomery Scott LLC Acquires 15,329 Shares of Hasbro, Inc. $HAS

Janney Montgomery Scott LLC grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 40.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,586 shares of the company’s stock after purchasing an additional 15,329 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hasbro were worth $5,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its holdings in Hasbro by 10.8% in the first quarter. Pictet Asset Management Holding SA now owns 28,709 shares of the company’s stock worth $2,687,000 after purchasing an additional 2,794 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in shares of Hasbro during the 1st quarter worth approximately $356,000. Louisiana State Employees Retirement System bought a new position in shares of Hasbro during the 1st quarter worth approximately $636,000. Contravisory Investment Management Inc. grew its position in shares of Hasbro by 9,799.1% during the 1st quarter. Contravisory Investment Management Inc. now owns 11,384 shares of the company’s stock worth $1,066,000 after buying an additional 11,269 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Hasbro in the 1st quarter valued at $312,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HAS. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. UBS Group reaffirmed a “buy” rating and issued a $110.00 price target on shares of Hasbro in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Argus set a $105.00 price objective on shares of Hasbro in a research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Price Performance

HAS stock opened at $80.15 on Monday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The stock’s 50 day moving average is $88.40 and its 200-day moving average is $90.45. The firm has a market capitalization of $11.34 billion, a PE ratio of -48.28, a P/E/G ratio of 1.97 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. Hasbro’s revenue was up 12.7% compared to the same quarter last year. Sell-side analysts expect that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were issued a $0.70 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Hasbro’s dividend payout ratio is currently -168.67%.

Hasbro Profile

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.