Handelsbanken Fonder AB Has $1.98 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Handelsbanken Fonder AB trimmed its position in Hasbro, Inc. (NASDAQ:HAS) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,400 shares of the company’s stock after selling 2,000 shares during the period. Handelsbanken Fonder AB’s holdings in Hasbro were worth $1,979,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ieq Capital LLC boosted its position in shares of Hasbro by 76.4% during the fourth quarter. Ieq Capital LLC now owns 27,917 shares of the company’s stock worth $1,561,000 after buying an additional 12,091 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Hasbro by 3.6% during the 4th quarter. Cardinal Capital Management now owns 81,102 shares of the company’s stock worth $4,534,000 after acquiring an additional 2,831 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Hasbro by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 19,037 shares of the company’s stock worth $1,064,000 after acquiring an additional 484 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Hasbro by 49.2% in the fourth quarter. Sanctuary Advisors LLC now owns 16,468 shares of the company’s stock valued at $981,000 after purchasing an additional 5,427 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $68.55 on Wednesday. Hasbro, Inc. has a twelve month low of $48.63 and a twelve month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock’s 50-day simple moving average is $58.72 and its 200 day simple moving average is $64.26. The firm has a market capitalization of $9.56 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Company Profile

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.