TD Asset Management Inc Cuts Stock Holdings in Hasbro, Inc. $HAS

TD Asset Management Inc cut its position in Hasbro, Inc. (NASDAQ:HAS) by 5.8% during the third quarter, HoldingsChannel.com reports. The fund owned 154,730 shares of the company’s stock after selling 9,530 shares during the period. TD Asset Management Inc’s holdings in Hasbro were worth $11,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at $25,000. First Horizon Corp purchased a new position in Hasbro during the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the second quarter worth about $28,000. Mather Group LLC. acquired a new stake in shares of Hasbro during the third quarter worth about $39,000. Finally, JNBA Financial Advisors purchased a new position in shares of Hasbro in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 181,581 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $103.86, for a total value of $18,859,002.66. Following the completion of the sale, the chief executive officer owned 249,861 shares in the company, valued at approximately $25,950,563.46. The trade was a 42.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the transaction, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 216,931 shares of company stock worth $22,535,763. 0.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HAS shares. Monness Crespi & Hardt upped their target price on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Roth Mkm set a $120.00 price target on Hasbro in a report on Wednesday, February 11th. Wolfe Research lifted their price objective on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.08.

Hasbro Stock Performance

Shares of Hasbro stock opened at $99.59 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $106.98. The firm’s 50 day moving average is $91.32 and its two-hundred day moving average is $82.81. The firm has a market capitalization of $14.01 billion, a P/E ratio of -42.38, a P/E/G ratio of 1.72 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. Research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.