Geode Capital Management LLC Has $256.19 Million Stock Position in Hasbro, Inc. $HAS

Geode Capital Management LLC cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,477,028 shares of the company’s stock after selling 73,523 shares during the quarter. Geode Capital Management LLC’s holdings in Hasbro were worth $256,192,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Hasbro during the 1st quarter valued at $30,347,000. Valley Wealth Managers Inc. bought a new stake in Hasbro in the first quarter valued at $25,381,000. Beck Bode LLC acquired a new position in shares of Hasbro during the second quarter valued at about $19,344,000. Envestnet Asset Management Inc. boosted its position in shares of Hasbro by 53.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock worth $50,352,000 after purchasing an additional 237,185 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hasbro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after buying an additional 227,477 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HAS shares. Citigroup upped their price target on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Monness Crespi & Hardt boosted their price objective on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Seaport Res Ptn upgraded Hasbro to a “strong-buy” rating in a report on Monday, November 10th. UBS Group lifted their price target on shares of Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.

Hasbro Stock Down 1.5%

Shares of NASDAQ:HAS opened at $77.71 on Monday. The business’s 50 day moving average is $76.04 and its 200 day moving average is $73.97. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of -19.38, a PEG ratio of 0.98 and a beta of 0.61. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data 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 business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $1.73 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio is presently -69.83%.

Insider Buying and Selling at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,357 shares of company stock worth $3,199,818. Insiders own 0.85% of the company’s stock.

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.