Hasbro, Inc. $HAS Stock Holdings Decreased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its holdings in Hasbro, Inc. by 6.9%, owning 56,357 shares worth $3,465,000 after selling 4,166 shares in the first quarter.
• Hasbro's latest quarterly earnings report showed earnings per share of $1.30, beating analysts' expectations of $0.78, with a revenue of $980.80 million, exceeding the projected $891.82 million.
• The company announced a quarterly dividend of $0.70 per share, reflecting an annualized dividend of $2.80 and a dividend yield of 3.6%.

Acadian Asset Management LLC trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,357 shares of the company's stock after selling 4,166 shares during the period. Acadian Asset Management LLC's holdings in Hasbro were worth $3,465,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HAS. Nuveen LLC bought a new stake in Hasbro in the first quarter worth approximately $30,347,000. Valley Wealth Managers Inc. bought a new stake in Hasbro in the first quarter worth approximately $25,381,000. Royal Bank of Canada grew its position in Hasbro by 67.7% in the fourth quarter. Royal Bank of Canada now owns 868,516 shares of the company's stock worth $48,560,000 after acquiring an additional 350,596 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 227,477 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Hasbro by 6,871.6% in the first quarter. GAMMA Investing LLC now owns 217,306 shares of the company's stock worth $133,620,000 after acquiring an additional 214,189 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Trading Down 2.0%

Shares of HAS stock opened at $78.38 on Monday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of -19.31, a P/E/G ratio of 1.01 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The firm has a fifty day moving average of $78.23 and a 200-day moving average of $68.41.

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

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Hasbro's dividend payout ratio is presently -68.97%.

Insider Transactions at Hasbro

In other news, CEO Christian P. Cocks sold 27,800 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company's stock, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roberta K. Thomson sold 1,002 shares of the company's 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on HAS. Roth Capital boosted their target price on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Citigroup boosted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.42.

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.

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.