Everence Capital Management Inc. Trims Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Everence Capital Management Inc. trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 73.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,420 shares of the company’s stock after selling 15,120 shares during the quarter. Everence Capital Management Inc.’s holdings in Hasbro were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Hasbro by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the period. Axiom Advisory LLC boosted its stake in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after acquiring an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after acquiring an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Hasbro by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HAS has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson boosted their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Trading Up 0.4 %

HAS opened at $57.11 on Wednesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company’s 50 day simple moving average is $61.87 and its two-hundred day simple moving average is $64.48. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of -12.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio is currently -60.34%.

Hasbro 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.