Holocene Advisors LP Lowers Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Holocene Advisors LP decreased its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 21.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 701,341 shares of the company's stock after selling 193,575 shares during the quarter. Holocene Advisors LP owned 0.50% of Hasbro worth $50,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. International Assets Investment Management LLC lifted its stake in Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company's stock worth $40,950,000 after acquiring an additional 55,847 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new stake in Hasbro in the 3rd quarter worth about $18,163,000. Charles Schwab Investment Management Inc. lifted its stake in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company's stock worth $85,629,000 after acquiring an additional 8,270 shares in the last quarter. Atria Investments Inc purchased a new stake in Hasbro in the 1st quarter worth about $1,287,000. Finally, Quest Partners LLC lifted its stake in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company's stock worth $2,101,000 after acquiring an additional 26,337 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is owned by insiders.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $0.33 during mid-day trading on Tuesday, reaching $65.06. The company had a trading volume of 571,186 shares, compared to its average volume of 1,616,959. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of -14.03, a PEG ratio of 0.60 and a beta of 0.62. The company's 50-day moving average price is $67.63 and its 200-day moving average price is $64.50. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46.

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

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Wednesday, November 20th. Hasbro's dividend payout ratio is -60.34%.

Analyst Ratings Changes

HAS has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their price target on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Stifel Nicolaus raised their target price on Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.67.

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.