Hasbro, Inc. (NASDAQ:HAS) Stake Lessened by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 60.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,938 shares of the company’s stock after selling 28,826 shares during the period. Franklin Resources Inc.’s holdings in Hasbro were worth $1,355,000 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. International Assets Investment Management LLC grew its stake in shares of Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after purchasing an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Hasbro in the third quarter worth approximately $18,163,000. Charles Schwab Investment Management Inc. grew its position in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Hasbro by 972.6% in the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after buying an additional 26,337 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after acquiring an additional 799 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $56.70 on Friday. The company has a market capitalization of $7.91 billion, a PE ratio of -12.22, a PEG ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company’s 50 day moving average price is $63.52 and its 200 day moving average price is $64.61. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $1.64 EPS. Hasbro’s revenue was down 14.8% on a year-over-year basis. Research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HAS shares. Morgan Stanley lifted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, DA Davidson upped their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.