Stifel Financial Corp trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 34.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,874 shares of the company’s stock after selling 39,321 shares during the period. Stifel Financial Corp owned about 0.06% of Hasbro worth $7,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Hasbro in the 2nd quarter worth about $155,000. Highstreet Asset Management Inc. lifted its stake in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after acquiring an additional 812 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new stake in Hasbro in the 2nd quarter worth about $167,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Hasbro, Inc. (NASDAQ:HAS) opened at $95.45 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. Hasbro, Inc. has a 52-week low of $77.20 and a 52-week high of $116.20. The firm has a market capitalization of $11,418.01, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm posted $2.03 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts anticipate that Hasbro, Inc. will post 5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, January 31st. Hasbro’s payout ratio is currently 48.72%.

HAS has been the subject of several research analyst reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Monday, August 28th. DA Davidson reissued a “buy” rating and issued a $124.00 price objective (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. KeyCorp reissued an “overweight” rating and issued a $112.00 price objective on shares of Hasbro in a research note on Wednesday, August 30th. Finally, Stifel Nicolaus reduced their price objective on Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $105.99.

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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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