Fieldview Capital Management LLC Sells 84,517 Shares of Hasbro, Inc. $HAS

Fieldview Capital Management LLC reduced its holdings in Hasbro, Inc. (NASDAQ:HAS) by 86.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,530 shares of the company’s stock after selling 84,517 shares during the period. Fieldview Capital Management LLC’s holdings in Hasbro were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HAS. CYBER HORNET ETFs LLC purchased a new position in Hasbro in the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the 2nd quarter valued at approximately $28,000. First Horizon Corp purchased a new position in Hasbro during the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC bought a new position in Hasbro during the third quarter valued at $34,000. Finally, Mather Group LLC. purchased a new stake in shares of Hasbro in the third quarter valued at $39,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. DA Davidson boosted their target price on Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group increased their price target on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BNP Paribas Exane initiated coverage on Hasbro in a report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Hasbro Price Performance

HAS opened at $95.78 on Tuesday. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of -40.76 and a beta of 0.54. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $106.98. The business’s fifty day simple moving average is $93.07 and its 200-day simple moving average is $83.49.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.During the same period in the prior year, the company earned $0.46 earnings per share. Hasbro’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio is presently -119.15%.

Insider Buying and Selling at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This trade represents a 15.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the transaction, the executive vice president directly owned 50,174 shares of the company’s stock, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 413,342 shares of company stock valued at $42,241,679 in the last ninety days. Company insiders own 0.85% of the company’s stock.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.