Thrivent Financial for Lutherans Reduces Position in Hasbro, Inc. (NASDAQ:HAS)

Thrivent Financial for Lutherans reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,751 shares of the company's stock after selling 14,232 shares during the period. Thrivent Financial for Lutherans' holdings in Hasbro were worth $2,365,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HAS. True Wealth Design LLC bought a new stake in shares of Hasbro in the 3rd quarter valued at about $31,000. Allworth Financial LP increased its stake in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Hasbro in the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro during the third quarter valued at approximately $45,000. Finally, Principal Securities Inc. grew its holdings in shares of Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after purchasing an additional 208 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HAS has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson upped their price objective on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Roth Mkm raised their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Finally, StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and an average price target of $80.22.

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Hasbro Stock Up 1.5 %

NASDAQ:HAS traded up $0.90 during mid-day trading on Monday, hitting $61.49. 1,673,267 shares of the company's stock were exchanged, compared to its average volume of 1,611,567. The company has a market cap of $8.58 billion, a PE ratio of 22.36, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a one year low of $54.26 and a one year high of $73.46. The business has a fifty day moving average price of $61.26 and a 200 day moving average price of $63.46.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.55%. Hasbro's payout ratio is presently 101.82%.

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.