Hasbro, Inc. $HAS Shares Sold by Vestcor Inc

Vestcor Inc lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 69.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,993 shares of the company’s stock after selling 8,888 shares during the period. Vestcor Inc’s holdings in Hasbro were worth $327,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pinebridge Investments LLC acquired a new stake in shares of Hasbro in the 4th quarter worth about $1,317,000. WINTON GROUP Ltd acquired a new stake in shares of Hasbro in the 4th quarter worth about $479,000. Daiwa Securities Group Inc. increased its holdings in shares of Hasbro by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 10,243 shares of the company’s stock worth $840,000 after acquiring an additional 615 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Hasbro in the 4th quarter worth about $226,000. Finally, State of Wyoming increased its stake in Hasbro by 78.3% during the 4th quarter. State of Wyoming now owns 5,992 shares of the company’s stock valued at $491,000 after buying an additional 2,631 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $84.26 on Wednesday. Hasbro, Inc. has a twelve month low of $67.11 and a twelve month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The company has a 50-day moving average of $91.51 and a 200-day moving average of $90.19. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of -50.76, a price-to-earnings-growth ratio of 2.06 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.3%. Hasbro’s dividend payout ratio (DPR) is -168.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research raised shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Monness Crespi & Hardt raised 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. The Goldman Sachs Group raised 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. Wolfe Research raised their target price on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Roth Mkm set a $120.00 target price on shares of Hasbro in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Company 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.