Hasbro, Inc. $HAS Position Increased by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 41.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,596 shares of the company’s stock after purchasing an additional 5,415 shares during the period. Neuberger Berman Group LLC’s holdings in Hasbro were worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC acquired a new stake in Hasbro during the fourth quarter worth about $317,000. Cetera Investment Advisers boosted its stake in Hasbro by 31.8% in the first quarter. Cetera Investment Advisers now owns 69,037 shares of the company’s stock valued at $4,245,000 after acquiring an additional 16,657 shares during the period. HB Wealth Management LLC bought a new position in shares of Hasbro during the first quarter valued at approximately $367,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hasbro by 2.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,287 shares of the company’s stock worth $2,047,000 after purchasing an additional 808 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Hasbro during the 1st quarter worth approximately $88,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

Hasbro Trading Down 0.1%

Shares of HAS stock opened at $82.62 on Friday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $83.40. The firm has a market capitalization of $11.59 billion, a PE ratio of -20.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The stock has a fifty day moving average of $76.57 and a two-hundred day moving average of $75.09. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, November 19th. Hasbro’s payout ratio is -69.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on HAS. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group boosted their price target on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a report on Friday, October 24th. Morgan Stanley increased their price objective on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus 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.