Hasbro, Inc. $HAS Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 82.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,140 shares of the company’s stock after selling 14,501 shares during the quarter. Sterling Capital Management LLC’s holdings in Hasbro were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Hasbro during the second quarter worth approximately $2,204,689,000. Bank of America Corp DE purchased a new stake in Hasbro in the second quarter valued at approximately $289,258,000. Bank of New York Mellon Corp purchased a new stake in Hasbro in the second quarter valued at approximately $130,731,000. Deutsche Bank AG acquired a new stake in shares of Hasbro in the second quarter valued at approximately $89,467,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $66,071,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hasbro

In other Hasbro news, insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the completion of the sale, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. This represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the transaction, the director owned 9,896 shares in the company, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,021 shares of company stock valued at $749,154. 0.71% of the stock is owned by company insiders.

Hasbro Stock Down 0.4%

Shares of NASDAQ HAS opened at $119.09 on Friday. Hasbro, Inc. has a 52-week low of $74.78 and a 52-week high of $121.04. The firm has a fifty day moving average of $96.38 and a 200-day moving average of $92.36. The stock has a market capitalization of $16.80 billion, a PE ratio of 16.70, a P/E/G ratio of 1.55 and a beta of 0.45. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.79.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. On average, analysts anticipate that Hasbro, Inc. will post 6.69 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Hasbro’s payout ratio is 41.85%.

Analysts Set New Price Targets

HAS has been the topic of a number of research reports. Bank of America lowered their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Citigroup increased their price target on shares of Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. BNP Paribas Exane reiterated an “outperform” rating and set a $127.00 target price (up from $116.00) on shares of Hasbro in a research report on Wednesday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Hasbro from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.93.

Hasbro Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.