Impax Asset Management Group plc Sells 41,067 Shares of Hasbro, Inc. (NASDAQ:HAS)

Impax Asset Management Group plc reduced its holdings in Hasbro, Inc. (NASDAQ:HAS) by 76.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,755 shares of the company’s stock after selling 41,067 shares during the quarter. Impax Asset Management Group plc’s holdings in Hasbro were worth $922,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of Hasbro during the second quarter valued at approximately $27,000. Asset Dedication LLC boosted its position in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Hasbro during the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC bought a new stake in shares of Hasbro during the second quarter valued at approximately $47,000. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HAS shares. Stifel Nicolaus lifted their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Trading Down 5.2 %

Shares of NASDAQ:HAS opened at $63.49 on Thursday. The company has a market cap of $8.86 billion, a P/E ratio of -13.68, a PEG ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.46. The stock’s fifty day moving average price is $69.60 and its 200-day moving average price is $64.22.

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

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Wednesday, November 20th. 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.