TD Asset Management Inc Sells 9,530 Shares of Hasbro, Inc. $HAS

TD Asset Management Inc decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,730 shares of the company’s stock after selling 9,530 shares during the period. TD Asset Management Inc owned about 0.11% of Hasbro worth $11,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Hasbro during the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after buying an additional 1,753 shares in the last quarter. Empowered Funds LLC raised its stake in Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP raised its position in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in Hasbro in the 1st quarter worth $292,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of HAS stock opened at $99.59 on Monday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $106.98. The stock has a market cap of $14.01 billion, a PE ratio of -42.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.54. The business has a 50-day simple moving average of $91.32 and a 200-day simple moving average of $82.81. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a $0.70 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. Hasbro’s dividend payout ratio is -119.15%.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research reports. BNP Paribas Exane started coverage on Hasbro in a research report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, February 11th. Jefferies Financial Group raised their price target on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their target price on Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.08.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the sale, the executive vice president directly owned 50,174 shares in the company, valued at $5,267,266.52. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This represents a 15.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 216,931 shares of company stock valued at $22,535,763. Insiders own 0.85% of the company’s stock.

About Hasbro

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.