Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,311,208 shares of the company’s stock after purchasing an additional 7,508 shares during the period. Geode Capital Management LLC owned approximately 2.37% of Hasbro worth $239,107,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HAS. Huntington National Bank increased its stake in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA increased its position in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the period. Axiom Advisory LLC raised its stake in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after buying an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on HAS shares. JPMorgan Chase & Co. raised their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson upped their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Price Performance

HAS opened at $61.76 on Friday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company’s 50 day simple moving average is $66.38 and its 200 day simple moving average is $64.73. The stock has a market capitalization of $8.62 billion, a PE ratio of -13.31, a P/E/G ratio of 0.60 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.53%. Hasbro’s payout ratio is -60.34%.

Hasbro 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.