Aberdeen Group plc Has $554,000 Stock Position in Hasbro, Inc. $HAS

Key Points

• Aberdeen Group plc significantly decreased its stake in Hasbro, Inc. by 52.4%, now holding 9,125 shares valued at approximately $554,000.
• Other institutional investors, including Brighton Jones LLC and Mariner LLC, have recently modified their positions, indicating ongoing interest in Hasbro as 91.83% of its stock is owned by institutional investors.
• Hasbro's stock price has seen a high of $82.05 in the past year, while analysts maintain a consensus rating of "Moderate Buy" and a target price of approximately $86.42.

Aberdeen Group plc lowered its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 52.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,125 shares of the company's stock after selling 10,060 shares during the quarter. Aberdeen Group plc's holdings in Hasbro were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Hasbro by 0.6% in the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after buying an additional 105,624 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock worth $140,652,000 after buying an additional 227,477 shares during the last quarter. Northern Trust Corp lifted its position in shares of Hasbro by 22.4% in the fourth quarter. Northern Trust Corp now owns 1,324,552 shares of the company's stock worth $74,056,000 after buying an additional 242,415 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Hasbro by 15.3% during the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock worth $79,312,000 after purchasing an additional 170,749 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

NASDAQ HAS traded down $0.39 during trading hours on Thursday, reaching $81.17. 153,502 shares of the company's stock were exchanged, compared to its average volume of 2,020,458. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The stock has a market cap of $11.38 billion, a PE ratio of -20.01, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60. The firm has a fifty day moving average of $76.71 and a 200-day moving average of $67.00.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. The firm had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. On average, equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro's payout ratio is currently -68.97%.

Analysts Set New Price Targets

Several research firms recently weighed in on HAS. Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Roth Capital boosted their price objective on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Citigroup upped their price target on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Hasbro currently has an average rating of "Moderate Buy" and an average price target of $86.42.

Insiders Place Their Bets

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,359 shares of company stock worth $2,970,828. Corporate insiders own 0.85% 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.