Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 961,271 shares of the company’s stock after selling 44,559 shares during the quarter. Epoch Investment Partners Inc. owned 0.69% of Hasbro worth $56,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares in the last quarter. Swedbank AB purchased a new stake in Hasbro during the 1st quarter worth approximately $82,523,000. Norges Bank acquired a new position in shares of Hasbro during the fourth quarter valued at approximately $70,544,000. SG Americas Securities LLC lifted its position in shares of Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after acquiring an additional 281,454 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Hasbro in the first quarter worth approximately $15,058,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAS. Bank of America increased their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson reissued a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley upped their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Down 0.8 %

Shares of NASDAQ HAS opened at $71.21 on Monday. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $72.25. The company has a market capitalization of $9.91 billion, a P/E ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61. The company has a 50 day simple moving average of $65.49 and a 200-day simple moving average of $60.78. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

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

Hasbro Announces Dividend

The business also recently announced 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 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 currently -27.61%.

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.