Hasbro, Inc. $HAS Shares Sold by Prudential PLC

Prudential PLC lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 46.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,969 shares of the company’s stock after selling 6,005 shares during the quarter. Prudential PLC’s holdings in Hasbro were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new position in Hasbro in the 2nd quarter worth $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the 2nd quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $34,000. Wexford Capital LP acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $37,000. Finally, Leonteq Securities AG acquired a new stake in shares of Hasbro in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $83.54 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. Hasbro, Inc. has a fifty-two week low of $66.30 and a fifty-two week high of $106.98. The firm has a 50-day simple moving average of $91.60 and a 200 day simple moving average of $90.13. The company has a market cap of $11.82 billion, a PE ratio of -50.33, a P/E/G ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be given a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s dividend payout ratio is -168.67%.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley upped their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. BNP Paribas Exane upped their target price on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Monness Crespi & Hardt upped their target price on shares of Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.64.

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.