Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 562,206 shares of the company’s stock after selling 19,569 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.40% of Hasbro worth $32,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 167 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Hasbro by 5.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after buying an additional 215 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Hasbro by 0.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after buying an additional 288 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in Hasbro by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after buying an additional 299 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in Hasbro by 16.3% in the first quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock valued at $123,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Down 0.8 %

HAS opened at $71.21 on Friday. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of -7.02, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.25. The business’s 50 day moving average is $65.49 and its two-hundred day moving average is $60.64. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on HAS. Morgan Stanley upped their target price on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America boosted their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. UBS Group boosted their price target on shares of Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, DA Davidson reiterated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.