Arrowstreet Capital Limited Partnership decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 72.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,200 shares of the company’s stock after selling 11,300 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Hasbro were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Hasbro in the 4th quarter worth approximately $528,000. JPMorgan Chase & Co. grew its holdings in shares of Hasbro by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock worth $29,946,000 after acquiring an additional 17,493 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Hasbro by 9.3% in the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock worth $27,248,000 after acquiring an additional 23,820 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Hasbro by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 440,170 shares of the company’s stock worth $42,989,000 after acquiring an additional 3,564 shares during the period. Finally, LGT Capital Partners LTD. grew its holdings in shares of Hasbro by 11.7% in the 4th quarter. LGT Capital Partners LTD. now owns 70,700 shares of the company’s stock worth $6,426,000 after acquiring an additional 7,400 shares during the period. Institutional investors own 80.66% of the company’s stock.

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In other Hasbro news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total transaction of $577,980.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian Goldner sold 308,164 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total value of $29,882,663.08. Following the transaction, the chief executive officer now directly owns 101,134 shares in the company, valued at approximately $9,806,963.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 394,435 shares of company stock worth $38,337,975. Corporate insiders own 11.00% of the company’s stock.

A number of research firms recently weighed in on HAS. Wells Fargo & Co restated a “market perform” rating and issued a $100.00 price target (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. B. Riley increased their target price on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 8th. KeyCorp increased their target price on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets increased their target price on Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $109.50.

Shares of Hasbro, Inc. (NASDAQ:HAS) opened at $88.53 on Thursday. The company has a market capitalization of $10,990.00, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro, Inc. has a fifty-two week low of $87.58 and a fifty-two week high of $116.20.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Hasbro’s quarterly revenue was down 1.8% on a year-over-year basis. equities research analysts forecast that Hasbro, Inc. will post 5.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Monday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is currently 41.38%.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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