Dimensional Fund Advisors LP Decreases Position in Hasbro, Inc. $HAS

Dimensional Fund Advisors LP lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,382,626 shares of the company’s stock after selling 13,898 shares during the period. Dimensional Fund Advisors LP owned about 1.70% of Hasbro worth $180,737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares during the last quarter. Norges Bank bought a new stake in shares of Hasbro in the 2nd quarter worth $123,710,000. AQR Capital Management LLC raised its stake in shares of Hasbro by 95.7% in the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after purchasing an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP bought a new position in shares of Hasbro during the second quarter valued at $77,471,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Hasbro during the third quarter valued at $30,608,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent analyst reports. BNP Paribas Exane initiated coverage on Hasbro in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 target price for the company. Morgan Stanley boosted their price objective on shares of Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wolfe Research boosted their target price on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, DA Davidson raised their price target on Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Eleven 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.00.

Insider Buying and Selling

In related news, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the transaction, the executive vice president directly owned 50,174 shares in the company, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $103.00, for a total value of $800,619.00. Following the sale, the insider directly owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 413,342 shares of company stock valued at $42,241,679 over the last three months. 0.85% of the stock is currently owned by company insiders.

Hasbro Stock Down 0.9%

Shares of HAS stock opened at $94.49 on Monday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $106.98. The stock has a market cap of $13.29 billion, a P/E ratio of -40.21 and a beta of 0.54. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The company has a 50 day simple moving average of $92.81 and a two-hundred day simple moving average of $83.38.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.