Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Burney Co.

Burney Co. cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,609 shares of the company’s stock after selling 611 shares during the period. Burney Co.’s holdings in Hasbro were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in Hasbro by 328.2% during the fourth quarter. SG Americas Securities LLC now owns 6,945 shares of the company’s stock worth $355,000 after purchasing an additional 5,323 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Hasbro by 133.8% in the 4th quarter. Fifth Third Bancorp now owns 5,596 shares of the company’s stock worth $286,000 after buying an additional 3,203 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Hasbro by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after buying an additional 300 shares in the last quarter. Fulton Bank N.A. grew its stake in Hasbro by 24.8% in the 4th quarter. Fulton Bank N.A. now owns 6,497 shares of the company’s stock valued at $332,000 after acquiring an additional 1,293 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Hasbro by 11.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,546 shares of the company’s stock valued at $794,000 after acquiring an additional 1,574 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In other news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the sale, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on HAS shares. Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson reiterated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Roth Mkm boosted their price target on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus increased their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group boosted their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.08.

Hasbro Stock Down 2.4 %

Shares of NASDAQ HAS opened at $63.46 on Friday. The stock has a market capitalization of $8.85 billion, a PE ratio of -6.26, a P/E/G ratio of 0.51 and a beta of 0.62. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average of $59.85 and a 200-day moving average of $56.52. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, analysts anticipate that Hasbro, Inc. will post 3.89 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 4.41%. Hasbro’s dividend payout ratio is currently -27.61%.

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.