Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,400 shares of the company’s stock after selling 2,000 shares during the period. Handelsbanken Fonder AB’s holdings in Hasbro were worth $1,979,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP boosted its stake in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the period. Blue Trust Inc. lifted its holdings in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the last quarter. True Wealth Design LLC acquired a new position in Hasbro during the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in Hasbro during the 3rd quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Hasbro during the 3rd quarter worth $45,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by company insiders.

Hasbro Stock Performance

HAS opened at $68.55 on Wednesday. The stock has a 50-day moving average of $58.72 and a 200-day moving average of $64.26. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 52-week low of $48.63 and a 52-week high of $73.46. The company has a market cap of $9.56 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The business 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, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.08%. Hasbro’s dividend payout ratio is 101.82%.

Analyst Upgrades and Downgrades

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

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.