Hasbro, Inc. $HAS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,567 shares of the company’s stock after selling 211 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hasbro were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after purchasing an additional 269 shares during the period. IFP Advisors Inc raised its position in shares of Hasbro by 489.2% during the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after purchasing an additional 543 shares during the period. Allworth Financial LP raised its position in shares of Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after purchasing an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after purchasing an additional 186 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock worth $70,000 after purchasing an additional 855 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Bank of America increased their price objective on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. The Goldman Sachs Group increased their price objective on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $89.18.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $76.70 on Friday. The stock has a fifty day moving average price of $77.01 and a two-hundred day moving average price of $71.26. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.32 and a current ratio of 1.70. The firm has a market cap of $10.76 billion, a P/E ratio of -19.13, a PEG ratio of 1.00 and a beta of 0.60. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.73 EPS. Research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -68.97%.

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.