Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 68.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,045 shares of the company’s stock after selling 30,903 shares during the period. Bessemer Group Inc.’s holdings in Hasbro were worth $864,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HAS. Brighton Jones LLC acquired a new position in Hasbro in the 4th quarter valued at $317,000. Bank of New York Mellon Corp raised its holdings in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after acquiring an additional 426,130 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Hasbro by 14.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,788 shares of the company’s stock valued at $659,000 after acquiring an additional 1,516 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Hasbro in the 4th quarter valued at $957,000. Finally, Smartleaf Asset Management LLC raised its holdings in Hasbro by 225.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $151,000 after acquiring an additional 1,873 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 0.9%

Shares of Hasbro stock opened at $73.82 on Tuesday. The company has a fifty day moving average price of $65.71 and a 200 day moving average price of $61.20. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.97. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The firm had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.79%. Hasbro’s dividend payout ratio (DPR) is 92.41%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HAS shares. Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Citigroup reiterated a “buy” rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $81.25.

About Hasbro

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.