Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 6.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,603 shares of the company’s stock after selling 435 shares during the period. Park Avenue Securities LLC’s holdings in Hasbro were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAS. Dimensional Fund Advisors LP raised its stake in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after buying an additional 135,548 shares during the last quarter. Samlyn Capital LLC raised its position in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares during the last quarter. Swedbank AB purchased a new stake in shares of Hasbro in the first quarter valued at about $82,523,000. Point72 Asset Management L.P. lifted its holdings in shares of Hasbro by 43.2% in the second quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock valued at $41,407,000 after purchasing an additional 213,664 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $72.13 on Friday. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of -9.67, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company has a 50 day moving average price of $68.40 and a 200 day moving average price of $62.49. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Sell-side analysts anticipate that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -37.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Morgan Stanley raised their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $72.73.

Hasbro Profile

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.