Expect Equity LLC Reduces Stake in Hasbro, Inc. $HAS

Expect Equity LLC lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 34.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,490 shares of the company’s stock after selling 10,110 shares during the quarter. Expect Equity LLC’s holdings in Hasbro were worth $1,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HAS. Brighton Jones LLC purchased a new stake in Hasbro in the 4th quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after buying an additional 1,753 shares during the period. Empowered Funds LLC lifted its holdings in Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after buying an additional 6,451 shares during the period. Woodline Partners LP lifted its holdings in Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Hasbro in the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.8%

HAS stock opened at $83.47 on Thursday. Hasbro, Inc. has a twelve month low of $67.11 and a twelve month high of $106.98. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The firm has a market cap of $11.81 billion, a PE ratio of -50.28, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. The business has a 50 day moving average of $90.72 and a 200 day moving average of $90.34.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is -168.67%.

Analysts Set New Price Targets

HAS has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. UBS Group increased their target price on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a research report on Thursday, May 21st. Bank of America increased their target price on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $113.14.

About Hasbro

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.