Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 68.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,045 shares of the company's stock after selling 30,903 shares during the quarter. Bessemer Group Inc.'s holdings in Hasbro were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. Parvin Asset Management LLC bought a new stake in shares of Hasbro in the fourth quarter worth approximately $25,000. Sentry Investment Management LLC bought a new stake in Hasbro in the 1st quarter worth approximately $28,000. Itau Unibanco Holding S.A. raised its stake in Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Hasbro during the 4th quarter valued at $43,000. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Hasbro during the 4th quarter valued at $44,000. Institutional investors own 91.83% of the company's stock.

Hasbro Trading Down 0.9%

Shares of NASDAQ:HAS traded down $0.67 during trading on Friday, reaching $77.55. 1,692,972 shares of the company were exchanged, compared to its average volume of 1,715,367. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. The firm has a market capitalization of $10.87 billion, a PE ratio of 25.59, a P/E/G ratio of 2.14 and a beta of 0.59. The business's fifty day simple moving average is $67.06 and its 200-day simple moving average is $61.54. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the previous year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's dividend payout ratio is currently 92.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HAS shares. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $85.00 in a research note on Monday. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Morgan Stanley boosted their price objective on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Citigroup reiterated a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $81.67.

Hasbro Company 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.