Rhumbline Advisers Sells 12,358 Shares of Hasbro, Inc. (NASDAQ:HAS)

Rhumbline Advisers cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 256,699 shares of the company’s stock after selling 12,358 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Hasbro worth $14,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares during the last quarter. True Wealth Design LLC purchased a new stake in Hasbro during the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in Hasbro during the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new stake in Hasbro during the 3rd quarter valued at $45,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Hasbro in the third quarter worth $49,000. 91.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction 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 sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $67.56 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The business’s 50 day moving average price is $58.42 and its 200-day moving average price is $64.20. The firm has a market capitalization of $9.42 billion, a PE ratio of 24.57, a P/E/G ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a 1 year low of $48.63 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HAS shares. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.