Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Alerus Financial NA

Alerus Financial NA lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,512 shares of the company’s stock after selling 1,060 shares during the period. Alerus Financial NA owned about 0.06% of Hasbro worth $6,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in Hasbro during the second quarter worth approximately $27,000. Asset Dedication LLC increased its holdings in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the period. Blue Trust Inc. raised its position in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. True Wealth Design LLC acquired a new stake in Hasbro during the 3rd quarter worth $31,000. Finally, International Assets Investment Management LLC acquired a new stake in Hasbro during the 2nd quarter worth $46,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAS. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Trading Up 2.0 %

NASDAQ:HAS opened at $65.15 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1 year low of $45.87 and a 1 year high of $73.46. The stock has a fifty day moving average price of $67.77 and a two-hundred day moving average price of $64.43.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company posted $1.64 EPS. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Hasbro, Inc. will post 3.93 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, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. Hasbro’s dividend payout ratio (DPR) is -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.