Ethic Inc. Has $532,000 Stock Holdings in Hasbro, Inc. $HAS

Ethic Inc. decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,271 shares of the company’s stock after selling 727 shares during the period. Ethic Inc.’s holdings in Hasbro were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after buying an additional 1,072 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after purchasing an additional 2,866 shares in the last quarter. Jump Financial LLC increased its holdings in Hasbro by 129.5% during the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after purchasing an additional 6,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after purchasing an additional 6,225 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Hasbro by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock valued at $785,000 after acquiring an additional 931 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HAS shares. Citigroup increased their price objective on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. 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 research report on Friday, October 24th. Monness Crespi & Hardt increased their target price on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, UBS Group raised their price objective on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $89.18.

Insider Buying and Selling

In related news, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The shares were 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 $4,094,332.81. The trade was a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 over the last 90 days. Insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $77.94 on Wednesday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of -19.44, a price-to-earnings-growth ratio of 1.00 and a beta of 0.60. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The company has a 50 day moving average of $76.90 and a two-hundred day moving average of $71.86.

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

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is -69.83%.

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.