Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its stake in Hasbro, Inc. (NASDAQ:HAS) by 73.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,420 shares of the company’s stock after selling 15,120 shares during the period. Everence Capital Management Inc.’s holdings in Hasbro were worth $303,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HAS. Commonwealth Equity Services LLC grew its position in Hasbro by 2.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,747 shares of the company’s stock valued at $2,910,000 after acquiring an additional 1,090 shares in the last quarter. Rhumbline Advisers increased its stake in Hasbro by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 273,312 shares of the company’s stock worth $15,989,000 after buying an additional 7,919 shares during the period. National Bank of Canada FI lifted its holdings in Hasbro by 20.5% during the 2nd quarter. National Bank of Canada FI now owns 35,787 shares of the company’s stock worth $2,058,000 after buying an additional 6,100 shares in the last quarter. Arizona State Retirement System boosted its position in Hasbro by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 37,021 shares of the company’s stock valued at $2,166,000 after buying an additional 762 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Hasbro in the second quarter worth $308,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s 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 in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Hasbro Stock Performance

Shares of Hasbro stock opened at $57.11 on Wednesday. The firm has a market capitalization of $7.97 billion, a P/E ratio of -12.31, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The firm’s 50 day moving average is $61.87 and its two-hundred day moving average is $64.48.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. Research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.90%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson lifted their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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 data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

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.