Vanguard Group Inc. Has $1.25 Billion Holdings in Hasbro, Inc. $HAS

Vanguard Group Inc. decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,523,641 shares of the company’s stock after selling 50,830 shares during the period. Vanguard Group Inc. owned about 0.12% of Hasbro worth $1,253,318,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in Hasbro during the second quarter valued at approximately $25,000. First Horizon Corp purchased a new stake in Hasbro in the 3rd quarter worth approximately $29,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro during the 2nd quarter valued at $28,000. Mather Group LLC. purchased a new position in shares of Hasbro during the 3rd quarter valued at $39,000. Finally, JNBA Financial Advisors acquired a new position in shares of Hasbro in the third quarter worth $42,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the transaction, the executive vice president directly owned 50,174 shares in the company, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christian P. Cocks sold 181,581 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.86, for a total value of $18,859,002.66. Following the transaction, the chief executive officer directly owned 249,861 shares of the company’s stock, valued at $25,950,563.46. This represents a 42.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 216,931 shares of company stock worth $22,535,763. Insiders own 0.85% of the company’s stock.

Hasbro Stock Up 0.5%

HAS opened at $101.46 on Friday. The firm has a market cap of $14.24 billion, a P/E ratio of -43.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.56. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The business has a 50 day moving average price of $89.50 and a 200 day moving average price of $81.99. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. Research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is -119.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Morgan Stanley lifted their price target on Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a report on Monday, November 10th. DA Davidson lifted their target price on shares of Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $113.73.

About Hasbro

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.