Expect Equity LLC Sells 10,110 Shares of Hasbro, Inc. $HAS

Expect Equity LLC reduced its holdings in Hasbro, Inc. (NASDAQ:HAS) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,490 shares of the company’s stock after selling 10,110 shares during the quarter. Expect Equity LLC’s holdings in Hasbro were worth $1,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capitolis Liquid Global Markets LLC boosted its holdings in shares of Hasbro by 150.4% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 84,500 shares of the company’s stock worth $6,929,000 after purchasing an additional 50,750 shares in the last quarter. Caption Management LLC purchased a new position in shares of Hasbro in the 4th quarter worth about $1,058,000. Balyasny Asset Management L.P. boosted its holdings in shares of Hasbro by 137.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 244,973 shares of the company’s stock worth $20,088,000 after purchasing an additional 141,962 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of Hasbro by 24.7% in the 4th quarter. Boothbay Fund Management LLC now owns 8,528 shares of the company’s stock worth $699,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Hasbro by 35.2% in the 4th quarter. Guggenheim Capital LLC now owns 29,572 shares of the company’s stock worth $2,425,000 after purchasing an additional 7,699 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Citigroup cut their price objective on Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective on shares of Hasbro in a report on Thursday, May 21st. BNP Paribas Exane upped their price objective on Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Trading Down 1.8%

Shares of HAS stock opened at $83.47 on Thursday. The stock has a market capitalization of $11.81 billion, a PE ratio of -50.28, a P/E/G ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a 1-year low of $67.11 and a 1-year high of $106.98. The business has a 50-day moving average of $90.72 and a 200 day moving average of $90.34. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 6.01 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were issued a dividend of $0.70 per share. The ex-dividend date was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s dividend payout ratio is currently -168.67%.

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.