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Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Nuveen Asset Management LLC

Hasbro logo with Consumer Discretionary background

Nuveen Asset Management LLC cut its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 509,588 shares of the company's stock after selling 73,838 shares during the period. Nuveen Asset Management LLC owned 0.37% of Hasbro worth $28,491,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HAS. Park Avenue Securities LLC boosted its holdings in Hasbro by 8.6% during the fourth quarter. Park Avenue Securities LLC now owns 7,172 shares of the company's stock worth $401,000 after buying an additional 569 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Hasbro by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 57,073 shares of the company's stock worth $3,191,000 after buying an additional 1,097 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Hasbro by 7.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,556 shares of the company's stock worth $702,000 after buying an additional 910 shares in the last quarter. Brighton Jones LLC acquired a new position in Hasbro during the fourth quarter worth $317,000. Finally, Sound Income Strategies LLC raised its position in Hasbro by 6.9% during the fourth quarter. Sound Income Strategies LLC now owns 166,973 shares of the company's stock worth $9,335,000 after acquiring an additional 10,782 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HAS shares. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Friday, April 25th. Finally, DA Davidson restated a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $81.25.

Read Our Latest Research Report on Hasbro

Hasbro Stock Up 2.4%

HAS stock traded up $1.55 during midday trading on Tuesday, reaching $67.38. 1,316,837 shares of the company were exchanged, compared to its average volume of 1,720,637. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46. The stock's 50-day simple moving average is $59.66 and its 200 day simple moving average is $60.43. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.

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, topping analysts' consensus estimates of $0.67 by $0.37. The company had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.16%. Hasbro's payout ratio is 92.41%.

Hasbro Profile

(Free Report)

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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