Sumitomo Mitsui Trust Holdings Inc. Sells 4,854 Shares of Hasbro, Inc. (NASDAQ:HAS)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,612 shares of the company’s stock after selling 4,854 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of Hasbro worth $16,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of Hasbro in the 4th quarter valued at about $403,000. Impax Asset Management Group plc grew its position in shares of Hasbro by 54.0% in the 4th quarter. Impax Asset Management Group plc now owns 15,664 shares of the company’s stock valued at $800,000 after acquiring an additional 5,494 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Hasbro by 11.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,546 shares of the company’s stock valued at $794,000 after acquiring an additional 1,574 shares during the period. Fulton Bank N.A. grew its position in shares of Hasbro by 24.8% in the 4th quarter. Fulton Bank N.A. now owns 6,497 shares of the company’s stock valued at $332,000 after acquiring an additional 1,293 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Hasbro by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock valued at $1,850,000 after acquiring an additional 300 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 1.1 %

NASDAQ:HAS opened at $55.90 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of -5.21, a PEG ratio of 0.96 and a beta of 0.74. The firm has a fifty day simple moving average of $53.49 and a two-hundred day simple moving average of $50.95. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $1.31 earnings per share. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. Analysts expect that Hasbro, Inc. will post 3.27 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is -26.12%.

Analyst Ratings Changes

Several analysts have weighed in on HAS shares. TheStreet cut shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Roth Mkm upped their price target on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Jefferies Financial Group upped their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a research report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.80.

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.