Impax Asset Management Group plc Has $922,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Impax Asset Management Group plc cut its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 76.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,755 shares of the company's stock after selling 41,067 shares during the quarter. Impax Asset Management Group plc's holdings in Hasbro were worth $922,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company's stock valued at $1,557,000 after acquiring an additional 8,280 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Hasbro by 7.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company's stock valued at $8,149,000 after purchasing an additional 10,961 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Hasbro by 6.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 142,476 shares of the company's stock worth $8,053,000 after buying an additional 8,566 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Hasbro by 351.7% during the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company's stock worth $1,380,000 after buying an additional 19,007 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Hasbro in the 1st quarter valued at $1,064,000. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on HAS shares. Stifel Nicolaus boosted their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. DA Davidson raised their target price on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.67.

Hasbro Stock Performance

Hasbro stock traded down $0.85 on Friday, hitting $62.21. The company's stock had a trading volume of 1,168,618 shares, compared to its average volume of 1,617,096. Hasbro, Inc. has a one year low of $43.74 and a one year high of $73.46. The firm has a market cap of $8.68 billion, a P/E ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company has a fifty day moving average price of $69.01 and a 200-day moving average price of $64.29.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly 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. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the company earned $1.64 earnings per share. The company's revenue for the quarter was down 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.50%. Hasbro's dividend payout ratio is currently -60.34%.

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.