Rafferty Asset Management LLC trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 80.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,047 shares of the company’s stock after selling 53,795 shares during the period. Rafferty Asset Management LLC’s holdings in Hasbro were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HAS. Acadian Asset Management LLC raised its position in Hasbro by 5,800.0% during the first quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after buying an additional 1,392 shares during the period. Comerica Bank raised its position in Hasbro by 2.0% during the first quarter. Comerica Bank now owns 33,860 shares of the company’s stock valued at $3,403,000 after buying an additional 657 shares during the period. UBS Asset Management Americas Inc. raised its position in Hasbro by 10.1% during the first quarter. UBS Asset Management Americas Inc. now owns 309,361 shares of the company’s stock valued at $30,880,000 after buying an additional 28,433 shares during the period. Sei Investments Co. raised its position in Hasbro by 5.0% during the first quarter. Sei Investments Co. now owns 25,619 shares of the company’s stock valued at $2,557,000 after buying an additional 1,221 shares during the period. Finally, State of Wisconsin Investment Board raised its position in Hasbro by 24.3% during the first quarter. State of Wisconsin Investment Board now owns 76,510 shares of the company’s stock valued at $7,637,000 after buying an additional 14,941 shares during the period. 77.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Alan G. Hassenfeld sold 99,615 shares of Hasbro stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $97.39, for a total value of $9,701,504.85. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at $2,837,944.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan G. Hassenfeld sold 280,906 shares of Hasbro stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,423,264 shares of company stock worth $145,144,664. Corporate insiders own 11.00% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ HAS) opened at 96.14 on Friday. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20. The company has a market cap of $12.03 billion, a P/E ratio of 20.82 and a beta of 0.92. The stock’s 50 day moving average price is $97.19 and its 200 day moving average price is $102.08.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post $5.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.37%. Hasbro’s dividend payout ratio (DPR) is 49.35%.

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Several research analysts recently weighed in on the company. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Thursday. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reissued a “buy” rating and set a $125.00 price target on shares of Hasbro in a research report on Thursday, August 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 target price (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $107.27.

Hasbro Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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