Commerce Bank Sells 753 Shares of Hasbro, Inc. (NASDAQ:HAS)

Commerce Bank reduced its holdings in Hasbro, Inc. (NASDAQ:HAS) by 5.0% in the 3rd quarter, Holdings Channel reports. The fund owned 14,369 shares of the company’s stock after selling 753 shares during the quarter. Commerce Bank’s holdings in Hasbro were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Swedbank AB acquired a new position in shares of Hasbro in the 1st quarter valued at approximately $82,523,000. Mizuho Securities USA LLC grew its position in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares in the last quarter. Samlyn Capital LLC increased its stake in Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the last quarter. AQR Capital Management LLC lifted its position in Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares in the last quarter. Finally, Smith Group Asset Management LLC acquired a new position in shares of Hasbro during the 3rd quarter worth about $32,032,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAS. JPMorgan Chase & Co. lifted their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Price Performance

NASDAQ:HAS opened at $62.52 on Monday. The firm’s fifty day moving average price is $68.43 and its two-hundred day moving average price is $64.34. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market cap of $8.72 billion, a P/E ratio of -13.47, a P/E/G ratio of 0.57 and a beta of 0.63. Hasbro, Inc. has a one year low of $44.85 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. Equities analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.48%. Hasbro’s payout ratio is currently -60.34%.

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.