Hasbro, Inc. $HAS Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 7.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 533,820 shares of the company's stock after selling 40,922 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.38% of Hasbro worth $39,407,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in Hasbro during the 1st quarter worth $28,000. SBI Securities Co. Ltd. grew its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares during the last quarter. Allworth Financial LP raised its stake in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after acquiring an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after acquiring an additional 186 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Hasbro by 299.0% in the first quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after acquiring an additional 855 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Insider Activity

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares of the company's stock, valued at $19,719,030.12. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the 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 completion of the sale, the insider directly owned 44,301 shares of the company's stock, 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. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 over the last three months. Insiders own 0.85% of the company's stock.

Hasbro Stock Performance

HAS opened at $75.89 on Friday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of -18.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.60. The business has a 50 day moving average price of $77.87 and a two-hundred day moving average price of $69.66. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HAS shares. DA Davidson increased their price target on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group raised their target price on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

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.

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