Burney Co. Has $204,000 Holdings in Hasbro, Inc. (NASDAQ:HAS)

Burney Co. trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,609 shares of the company’s stock after selling 611 shares during the quarter. Burney Co.’s holdings in Hasbro were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HAS. Lindbrook Capital LLC lifted its position in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Hasbro by 5.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after purchasing an additional 215 shares during the period. Texas Permanent School Fund Corp grew its holdings in Hasbro by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after purchasing an additional 299 shares during the last quarter. Arizona State Retirement System raised its position in shares of Hasbro by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock valued at $1,850,000 after purchasing an additional 300 shares during the period. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Hasbro by 16.3% in the first quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock worth $123,000 after buying an additional 305 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HAS shares. UBS Group lifted their target price on shares of Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 24th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research note on Friday, July 26th. Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and increased their target price for the company from $70.00 to $80.00 in a research note on Friday, June 14th. Morgan Stanley lifted their price target on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Monness Crespi & Hardt raised their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.08.

Hasbro Stock Down 2.4 %

HAS opened at $63.46 on Friday. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a market capitalization of $8.85 billion, a P/E ratio of -6.26, a P/E/G ratio of 0.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm’s fifty day moving average price is $59.85 and its two-hundred day moving average price is $56.52.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The business had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, analysts anticipate that Hasbro, Inc. will post 3.89 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, August 21st. Hasbro’s dividend payout ratio is -27.61%.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the completion of the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.82% 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.