Hasbro, Inc. $HAS Shares Sold by Amundi

Amundi decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 670,095 shares of the company’s stock after selling 120,461 shares during the period. Amundi’s holdings in Hasbro were worth $52,406,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Hasbro in the 2nd quarter valued at about $123,710,000. Nuveen LLC bought a new position in Hasbro in the first quarter worth about $30,347,000. Marshall Wace LLP boosted its stake in Hasbro by 15.1% in the second quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock valued at $194,505,000 after acquiring an additional 346,637 shares during the period. Beck Bode LLC bought a new position in shares of Hasbro during the second quarter valued at approximately $19,344,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Hasbro by 53.3% during the second quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock valued at $50,352,000 after purchasing an additional 237,185 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAS. Seaport Res Ptn upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Monness Crespi & Hardt raised their target price on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Morgan Stanley upped their price target on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Roth Capital set a $96.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, UBS Group upped their target price on shares of Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Insider Activity

In other news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is owned by company insiders.

Hasbro Stock Down 1.6%

HAS stock opened at $79.86 on Wednesday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $83.45. The firm has a market cap of $11.21 billion, a PE ratio of -19.92, a P/E/G ratio of 1.58 and a beta of 0.55. The firm has a 50 day simple moving average of $77.43 and a 200 day simple moving average of $75.88. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42.

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 the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.5%. Hasbro’s payout ratio is -69.83%.

About Hasbro

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.