Prudential Financial Inc. Has $12.36 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Prudential Financial Inc. boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,025 shares of the company’s stock after buying an additional 9,640 shares during the quarter. Prudential Financial Inc. owned approximately 0.09% of Hasbro worth $12,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Hasbro by 3.2% in the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock valued at $5,104,000 after purchasing an additional 1,884 shares during the period. Sigma Planning Corp raised its stake in Hasbro by 25.4% during the 3rd quarter. Sigma Planning Corp now owns 2,376 shares of the company’s stock worth $282,000 after buying an additional 481 shares during the period. Mackay Shields LLC raised its stake in Hasbro by 11.0% during the 3rd quarter. Mackay Shields LLC now owns 19,145 shares of the company’s stock worth $2,272,000 after buying an additional 1,894 shares during the period. Parallel Advisors LLC raised its stake in Hasbro by 20.5% during the 3rd quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock worth $74,000 after buying an additional 106 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Hasbro by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,388 shares of the company’s stock worth $640,000 after buying an additional 810 shares during the period. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Stephen J. Davis sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $105.06, for a total value of $1,365,780.00. Following the completion of the transaction, the executive vice president now directly owns 52,238 shares of the company’s stock, valued at $5,488,124.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

HAS has been the topic of a number of research reports. Argus dropped their price target on Hasbro from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus dropped their price target on Hasbro from to in a research note on Tuesday, March 3rd. Goldman Sachs Group dropped their price target on Hasbro from to in a research note on Monday, February 24th. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Hasbro from $113.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and an average price target of $108.82.

HAS traded down $2.47 during midday trading on Wednesday, reaching $64.78. 34,462 shares of the company were exchanged, compared to its average volume of 1,454,347. The company has a debt-to-equity ratio of 1.35, a quick ratio of 5.01 and a current ratio of 5.37. The company’s fifty day moving average price is $93.51 and its 200 day moving average price is $103.58. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. Hasbro, Inc. has a one year low of $63.93 and a one year high of $126.87.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.35. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Hasbro had a return on equity of 25.57% and a net margin of 11.03%. Hasbro’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, April 30th. Hasbro’s dividend payout ratio is presently 66.67%.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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