Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,540 shares of the company's stock after selling 75,010 shares during the period. Everence Capital Management Inc.'s holdings in Hasbro were worth $1,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carolinas Wealth Consulting LLC lifted its holdings in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company's stock worth $25,000 after buying an additional 117 shares during the period. Studio Investment Management LLC purchased a new position in shares of Hasbro during the third quarter valued at approximately $26,000. Worth Asset Management LLC purchased a new position in shares of Hasbro during the first quarter valued at approximately $27,000. ING Groep NV purchased a new position in shares of Hasbro during the third quarter valued at approximately $29,000. Finally, Power Corp of Canada purchased a new position in shares of Hasbro during the first quarter valued at approximately $29,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the subject of several recent research reports. DA Davidson reiterated a "neutral" rating and set a $52.00 target price on shares of Hasbro in a report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. TheStreet lowered shares of Hasbro from a "c-" rating to a "d+" rating in a report on Tuesday, February 13th. Stifel Nicolaus raised their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday. Finally, StockNews.com raised shares of Hasbro from a "sell" rating to a "hold" rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of "Hold" and a consensus target price of $61.90.

Hasbro Stock Performance

NASDAQ:HAS traded down $0.21 during trading hours on Wednesday, reaching $54.82. The company had a trading volume of 1,081,161 shares, compared to its average volume of 1,695,317. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of -5.13, a PEG ratio of 1.48 and a beta of 0.74. The firm's 50 day moving average price is $53.12 and its 200-day moving average price is $51.15.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $1.31 EPS. The company's revenue for the quarter was down 23.2% on a year-over-year basis. On average, analysts forecast that Hasbro, Inc. will post 3.24 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Tuesday, April 30th. Hasbro's dividend payout ratio (DPR) is presently -26.12%.

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.