Goldman Sachs Group Inc. Sells 306,532 Shares of Hasbro, Inc. $HAS

Goldman Sachs Group Inc. lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,503,997 shares of the company’s stock after selling 306,532 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Hasbro were worth $123,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank grew its stake in shares of Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after acquiring an additional 114 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after acquiring an additional 137 shares during the period. Signaturefd LLC grew its stake in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after acquiring an additional 137 shares during the period. United Capital Financial Advisors LLC grew its stake in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Hasbro by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after acquiring an additional 152 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HAS. Wells Fargo & Company cut their price target on Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Morgan Stanley raised their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citigroup cut their target price on Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Stock Performance

NASDAQ:HAS opened at $83.54 on Tuesday. The business’s 50-day moving average price is $91.60 and its two-hundred day moving average price is $90.13. Hasbro, Inc. has a twelve month low of $66.30 and a twelve month high of $106.98. The stock has a market cap of $11.82 billion, a P/E ratio of -50.33, a PEG ratio of 2.08 and a beta of 0.48. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.

Hasbro Profile

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.