Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,873 shares of the company’s stock after selling 1,332 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Hasbro were worth $552,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HAS. Glenmede Trust Co. NA lifted its holdings in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares in the last quarter. Keybank National Association OH raised its position in shares of Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after buying an additional 180 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares during the last quarter. Finally, Morningstar Investment Management LLC grew its stake in Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock worth $260,000 after acquiring an additional 258 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAS. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

HAS opened at $61.04 on Wednesday. Hasbro, Inc. has a 52-week low of $54.05 and a 52-week high of $73.46. The company has a 50 day moving average of $60.93 and a two-hundred day moving average of $63.64. The company has a market cap of $8.52 billion, a P/E ratio of 22.20, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

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.