Invesco Ltd. Sells 53,183 Shares of Hasbro, Inc. (NASDAQ:HAS)

Invesco Ltd. cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,106,341 shares of the company's stock after selling 53,183 shares during the quarter. Invesco Ltd. owned 2.22% of Hasbro worth $191,009,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock worth $1,754,000 after purchasing an additional 1,072 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after purchasing an additional 2,866 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after purchasing an additional 6,225 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock worth $785,000 after purchasing an additional 931 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Hasbro during the 1st quarter worth about $306,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HAS shares. Roth Capital lifted 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. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Monness Crespi & Hardt lifted their price objective on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. UBS Group raised their price target on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus price target of $86.42.

Hasbro Stock Up 0.7%

Hasbro stock traded up $0.59 during mid-day trading on Friday, hitting $81.14. The company's stock had a trading volume of 1,498,930 shares, compared to its average volume of 2,597,188. The firm's 50 day moving average is $74.74 and its 200 day moving average is $65.76. The company has a market cap of $11.38 billion, a PE ratio of -19.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.60. 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, Inc. has a 52-week low of $49.00 and a 52-week high of $81.31.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same period in the prior year, the firm posted $1.22 EPS. The business's revenue was down 1.5% compared to the same quarter last year. On average, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Hasbro's dividend payout ratio is currently -68.97%.

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.