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

Everence Capital Management Inc. lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 73.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,420 shares of the company's stock after selling 15,120 shares during the quarter. Everence Capital Management Inc.'s holdings in Hasbro were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Hasbro in the second quarter valued at approximately $27,000. Asset Dedication LLC boosted its stake in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company's stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. grew its stake in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company's stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Hasbro during the third quarter worth approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new position in Hasbro during the 3rd quarter worth $40,000. Institutional investors own 91.83% of the company's stock.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by company insiders.

Hasbro Price Performance

HAS remained flat at $57.11 on Wednesday. 1,239,472 shares of the company's stock traded hands, compared to its average volume of 1,469,534. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -12.31, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The business has a 50-day simple moving average of $61.87 and a two-hundred day simple moving average of $64.48.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm's revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.90%. Hasbro's payout ratio is -60.34%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Bank of America increased their price target on Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. DA Davidson boosted their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.11.

About Hasbro

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.