Handelsbanken Fonder AB Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Handelsbanken Fonder AB lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 76.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the company’s stock after selling 70,874 shares during the period. Handelsbanken Fonder AB’s holdings in Hasbro were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. Studio Investment Management LLC purchased a new stake in shares of Hasbro in the 3rd quarter worth about $26,000. ING Groep NV bought a new position in Hasbro in the third quarter worth about $29,000. Orion Capital Management LLC bought a new position in Hasbro in the third quarter worth about $37,000. Harvest Fund Management Co. Ltd purchased a new stake in Hasbro in the third quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock valued at $43,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.8 %

Shares of NASDAQ HAS opened at $64.47 on Monday. The firm’s 50 day moving average price is $54.43 and its 200-day moving average price is $51.07. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market cap of $8.95 billion, a PE ratio of -6.36, a P/E/G ratio of 1.08 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue for the quarter was down 24.3% on a year-over-year basis. On average, equities research analysts expect that Hasbro, Inc. will post 3.46 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. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HAS shares. Stifel Nicolaus increased their target price on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. DA Davidson reissued a “neutral” rating and set a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. Finally, Bank of America upped their price objective on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.73.

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.