Thompson Investment Management Inc. Decreases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Thompson Investment Management Inc. lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,645 shares of the company’s stock after selling 1,700 shares during the quarter. Thompson Investment Management Inc.’s holdings in Hasbro were worth $409,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Hasbro during the fourth quarter valued at $317,000. abrdn plc boosted its position in shares of Hasbro by 64.0% in the fourth quarter. abrdn plc now owns 19,185 shares of the company’s stock worth $1,075,000 after buying an additional 7,488 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hasbro by 50.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,228 shares of the company’s stock valued at $807,000 after purchasing an additional 4,749 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Hasbro by 28.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,334 shares of the company’s stock valued at $857,000 after buying an additional 3,402 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Hasbro by 13.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,912 shares of the company’s stock valued at $1,281,000 after purchasing an additional 2,780 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wall Street Zen upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $80.38.

Hasbro Stock Up 1.9%

Shares of NASDAQ:HAS opened at $68.85 on Wednesday. The business has a fifty day simple moving average of $60.79 and a 200 day simple moving average of $60.70. 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 firm has a market cap of $9.65 billion, a P/E ratio of 25.04, a P/E/G ratio of 0.60 and a beta of 0.56. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Wednesday, May 21st. Hasbro’s payout ratio is 92.41%.

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.