Hasbro, Inc. $HAS Position Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 7.1% during the second quarter, HoldingsChannel.com reports. The firm owned 533,820 shares of the company’s stock after selling 40,922 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Hasbro were worth $39,407,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Hasbro during the 1st quarter valued at about $30,347,000. Valley Wealth Managers Inc. bought a new position in Hasbro during the first quarter valued at approximately $25,381,000. Dimensional Fund Advisors LP lifted its stake in Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after acquiring an additional 227,477 shares during the last quarter. Samlyn Capital LLC grew its position in Hasbro by 22.7% in the first quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock worth $58,454,000 after acquiring an additional 176,175 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Hasbro by 15.3% during the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock worth $79,312,000 after purchasing an additional 170,749 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HAS shares. Roth Capital upped their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Monness Crespi & Hardt upped their price target on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. upped their target price on Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, DA Davidson increased their price target on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $87.64.

Hasbro Price Performance

NASDAQ HAS opened at $75.89 on Friday. The stock has a 50-day simple moving average of $77.87 and a 200 day simple moving average of $69.66. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The stock has a market capitalization of $10.64 billion, a PE ratio of -18.69, a P/E/G ratio of 0.97 and a beta of 0.60. 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 (NASDAQ:HAS) last issued 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 company had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same period in the previous year, the business posted $1.22 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. Hasbro’s dividend payout ratio is -68.97%.

Insiders Place Their Bets

In other news, CEO Christian P. Cocks sold 27,800 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. The trade was a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock worth $2,970,828 in the last ninety days. Insiders own 0.85% of the company’s stock.

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.