Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 50,549 shares of the company’s stock after selling 6,269 shares during the period. Asset Management One Co. Ltd.’s holdings in Hasbro were worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HAS. Aigen Investment Management LP acquired a new stake in shares of Hasbro in the 3rd quarter valued at approximately $1,250,000. Janney Montgomery Scott LLC increased its position in Hasbro by 6.5% during the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock worth $3,133,000 after buying an additional 2,875 shares in the last quarter. Albion Financial Group UT raised its stake in Hasbro by 105.7% in the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock valued at $3,885,000 after purchasing an additional 30,192 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after buying an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Hasbro by 2,610.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after buying an additional 41,812 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.8 %

Shares of HAS opened at $55.80 on Friday. The company has a market capitalization of $7.74 billion, a P/E ratio of -5.21, a PEG ratio of 1.51 and a beta of 0.74. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The business’s 50 day simple moving average is $52.87 and its 200-day simple moving average is $51.49. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The company’s revenue was down 23.2% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.24 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is -26.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HAS shares. Stifel Nicolaus restated a “buy” rating and set a $64.00 target price on shares of Hasbro in a report on Wednesday, March 13th. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Roth Mkm raised their target price on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Jefferies Financial Group raised their target price on Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, StockNews.com cut Hasbro from a “hold” rating to a “sell” rating in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Hold” and a consensus price target of $61.60.

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.