Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Boosted by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,657 shares of the company’s stock after acquiring an additional 166 shares during the period. Glenmede Trust Co. NA’s holdings in Hasbro were worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HAS. Dimensional Fund Advisors LP grew its position in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after buying an additional 135,548 shares in the last quarter. Samlyn Capital LLC grew its position in Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after buying an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 97,039 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HAS shares. Morgan Stanley upped their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America upped their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson upped their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Price Performance

HAS stock opened at $65.32 on Wednesday. The firm has a 50-day moving average of $67.50 and a two-hundred day moving average of $64.53. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $9.11 billion, a PE ratio of -14.08, a P/E/G ratio of 0.60 and a beta of 0.62. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is -60.34%.

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.