Envestnet Asset Management Inc. Boosts Holdings in Hasbro, Inc. $HAS

Envestnet Asset Management Inc. raised its position in Hasbro, Inc. (NASDAQ:HAS) by 53.3% in the 2nd quarter, Holdings Channel reports. The firm owned 682,091 shares of the company’s stock after buying an additional 237,185 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hasbro were worth $50,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HAS. Nuveen LLC purchased a new stake in shares of Hasbro in the first quarter worth $30,347,000. Valley Wealth Managers Inc. purchased a new position in Hasbro during the first quarter worth about $25,381,000. Dimensional Fund Advisors LP increased its stake in Hasbro by 11.0% in the 1st 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 last quarter. Samlyn Capital LLC raised its holdings in shares of Hasbro by 22.7% in the 1st quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock valued at $58,454,000 after acquiring an additional 176,175 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Hasbro by 15.3% during the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock valued at $79,312,000 after acquiring an additional 170,749 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 0.3%

HAS opened at $76.31 on Friday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The business’s 50-day moving average price is $76.69 and its 200-day moving average price is $72.24. The company has a market cap of $10.70 billion, a P/E ratio of -19.03, a P/E/G ratio of 0.98 and a beta of 0.60.

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

Hasbro Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on HAS. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. The Goldman Sachs Group increased their price target on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Morgan Stanley raised their price objective 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, Citigroup upped their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.25.

Insider Transactions at Hasbro

In other Hasbro news, 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 completion of the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

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.