Hasbro, Inc. $HAS Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,081 shares of the company’s stock after selling 20,760 shares during the quarter. South Dakota Investment Council’s holdings in Hasbro were worth $4,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Hasbro by 0.6% in the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock worth $1,012,374,000 after acquiring an additional 105,624 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock worth $140,652,000 after acquiring an additional 227,477 shares during the period. Northern Trust Corp increased its stake in shares of Hasbro by 7.4% in the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock worth $87,499,000 after acquiring an additional 98,425 shares during the period. Deutsche Bank AG increased its stake in shares of Hasbro by 15.3% in the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock worth $79,312,000 after acquiring an additional 170,749 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Hasbro by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock worth $74,856,000 after acquiring an additional 27,547 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS opened at $75.85 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -18.92, a PEG ratio of 0.98 and a beta of 0.60. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The firm’s fifty day simple moving average is $76.59 and its two-hundred day simple moving average is $72.68.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HAS shares. UBS Group increased their price objective on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wolfe Research raised their price target on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Monness Crespi & Hardt raised their price target on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Morgan Stanley raised their price target on shares of Hasbro from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.25.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider directly owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,359 shares of company stock valued at $2,970,828 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

About Hasbro

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.