Hasbro, Inc. $HAS Shares Sold by Amundi

Amundi trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 670,095 shares of the company’s stock after selling 120,461 shares during the period. Amundi owned about 0.48% of Hasbro worth $52,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HAS. Norges Bank purchased a new stake in shares of Hasbro in the second quarter valued at $123,710,000. Nuveen LLC acquired a new position in Hasbro during the first quarter worth approximately $30,347,000. Marshall Wace LLP boosted its holdings in shares of Hasbro by 15.1% in the 2nd quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock valued at $194,505,000 after purchasing an additional 346,637 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Hasbro during the 2nd quarter valued at $19,344,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Hasbro by 53.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock worth $50,352,000 after buying an additional 237,185 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $79.86 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The stock has a 50 day moving average of $77.43 and a 200-day moving average of $75.88. The stock has a market cap of $11.21 billion, a P/E ratio of -19.92, a price-to-earnings-growth ratio of 1.58 and a beta of 0.55. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $83.45.

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, beating the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for 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 firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. On average, analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HAS. Bank of America lifted their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $89.33.

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.