Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,188 shares of the company’s stock after selling 110,155 shares during the quarter. Natixis Advisors LLC’s holdings in Hasbro were worth $20,362,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. True Wealth Design LLC acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $31,000. Allworth Financial LP boosted its position in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $45,000. Finally, Huntington National Bank boosted its position in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HAS. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson increased their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Roth Mkm increased their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Down 0.4 %

Hasbro stock opened at $59.96 on Wednesday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 0.60 and a beta of 0.51. The stock has a 50 day moving average of $60.55 and a two-hundred day moving average of $63.88. Hasbro, Inc. has a twelve month low of $53.33 and a twelve month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

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

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Hasbro Company 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.