Hasbro, Inc. (NASDAQ:HAS) Shares Sold by ING Groep NV

ING Groep NV lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 4.4% in the fourth quarter, HoldingsChannel reports. The fund owned 16,904 shares of the company’s stock after selling 778 shares during the quarter. ING Groep NV’s holdings in Hasbro were worth $945,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Mizuho Securities USA LLC increased its stake in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares in the last quarter. Smith Group Asset Management LLC purchased a new stake in shares of Hasbro during the third quarter worth about $32,032,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after purchasing an additional 369,744 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Hasbro by 882.9% during the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock worth $22,410,000 after purchasing an additional 360,039 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.8 %

Shares of NASDAQ HAS opened at $67.05 on Tuesday. Hasbro, Inc. has a 12-month low of $48.63 and a 12-month high of $73.46. The stock has a market cap of $9.35 billion, a PE ratio of 24.38, a P/E/G ratio of 0.60 and a beta of 0.64. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a 50-day moving average of $58.55 and a 200 day moving average of $64.23.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 net margin of 9.32% and a return on equity of 47.93%. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.18%. Hasbro’s payout ratio is 101.82%.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HAS shares. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reissued an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.