Amundi Decreases Stock Holdings in Hasbro, Inc. $HAS

Amundi reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 790,556 shares of the company’s stock after selling 29,405 shares during the quarter. Amundi owned 0.56% of Hasbro worth $48,611,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GW Henssler & Associates Ltd. grew its stake in Hasbro by 5.6% during the first quarter. GW Henssler & Associates Ltd. now owns 263,198 shares of the company’s stock worth $16,184,000 after buying an additional 13,976 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Hasbro by 132.8% during the first quarter. Maverick Capital Ltd. now owns 11,543 shares of the company’s stock worth $710,000 after purchasing an additional 6,585 shares in the last quarter. Caption Management LLC acquired a new position in shares of Hasbro during the first quarter worth about $2,721,000. Vident Advisory LLC lifted its stake in shares of Hasbro by 39.8% during the first quarter. Vident Advisory LLC now owns 26,103 shares of the company’s stock worth $1,605,000 after purchasing an additional 7,434 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Hasbro during the first quarter worth about $5,690,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Monness Crespi & Hardt boosted their price objective on Hasbro from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Roth Capital boosted their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Bank of America boosted their price objective on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.42.

Hasbro Trading Down 0.8%

NASDAQ:HAS opened at $79.73 on Monday. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The business’s 50-day simple moving average is $78.03 and its 200 day simple moving average is $68.01. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of -19.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a $0.70 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Hasbro’s dividend payout ratio (DPR) is presently -68.97%.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the transaction, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by corporate insiders.

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.