Goldman Sachs Group Inc. Sells 306,532 Shares of Hasbro, Inc. $HAS

Goldman Sachs Group Inc. cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,503,997 shares of the company’s stock after selling 306,532 shares during the quarter. Goldman Sachs Group Inc. owned 1.07% of Hasbro worth $123,328,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its stake in Hasbro by 2.8% in the fourth quarter. Natixis Advisors LLC now owns 415,740 shares of the company’s stock valued at $34,091,000 after buying an additional 11,245 shares during the period. AXQ Capital LP lifted its stake in Hasbro by 304.3% in the fourth quarter. AXQ Capital LP now owns 12,993 shares of the company’s stock valued at $1,065,000 after buying an additional 9,779 shares during the period. Crestmont Private Wealth LLC lifted its stake in Hasbro by 5.8% in the fourth quarter. Crestmont Private Wealth LLC now owns 4,782 shares of the company’s stock valued at $392,000 after buying an additional 262 shares during the period. New Mexico Educational Retirement Board lifted its stake in Hasbro by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 6,109 shares of the company’s stock valued at $501,000 after buying an additional 200 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Hasbro by 734.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock valued at $2,770,000 after buying an additional 29,735 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HAS. Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. UBS Group boosted their price target on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Argus set a $105.00 price target on Hasbro in a research note on Friday, March 13th. Finally, Citigroup lowered their target price on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Trading Down 0.8%

NASDAQ HAS opened at $83.54 on Tuesday. The firm has a market capitalization of $11.82 billion, a P/E ratio of -50.33, a PEG ratio of 2.08 and a beta of 0.48. The business has a fifty day simple moving average of $91.60 and a 200 day simple moving average of $90.13. Hasbro, Inc. has a 12 month low of $66.30 and a 12 month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, analysts predict that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Hasbro’s dividend payout ratio is -168.67%.

Hasbro Company Profile

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.