Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its position in Hasbro, Inc. (NASDAQ:HAS) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,800 shares of the company’s stock after selling 21,736 shares during the period. Tredje AP fonden owned 0.09% of Hasbro worth $7,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after acquiring an additional 3,273,563 shares in the last quarter. Swedbank AB acquired a new stake in shares of Hasbro in the first quarter valued at approximately $82,523,000. Norges Bank purchased a new position in Hasbro during the fourth quarter worth approximately $70,544,000. Dimensional Fund Advisors LP boosted its stake in Hasbro by 26.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock worth $73,593,000 after buying an additional 300,420 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Hasbro by 4,052.6% in the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after buying an additional 281,454 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

HAS stock opened at $71.16 on Thursday. The business’s fifty day moving average price is $65.00 and its 200 day moving average price is $60.42. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $72.20. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $9.91 billion, a PE ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.93%. Hasbro’s dividend payout ratio is presently -27.61%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Bank of America increased their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. UBS Group upped their price objective on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.55.

About Hasbro

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.