Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,906 shares of the company’s stock after selling 1,811 shares during the period. Envestnet Asset Management Inc. owned approximately 0.32% of Hasbro worth $27,357,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in shares of Hasbro in the fourth quarter worth about $25,000. Sentry Investment Management LLC acquired a new position in shares of Hasbro in the first quarter worth about $28,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after buying an additional 178 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro in the fourth quarter worth about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Morgan Stanley lifted their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group raised shares of Hasbro from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $81.67.

Hasbro Stock Up 0.6%

Shares of NASDAQ:HAS opened at $75.79 on Tuesday. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The company’s fifty day moving average is $69.18 and its 200-day moving average is $62.53. The company has a market capitalization of $10.62 billion, a PE ratio of 25.01, a P/E/G ratio of 2.08 and a beta of 0.59.

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

Hasbro Dividend Announcement

The business 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 annualized dividend and a yield of 3.69%. Hasbro’s dividend payout ratio (DPR) is 92.41%.

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.