Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 23.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,561 shares of the company’s stock after selling 2,312 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Hasbro were worth $465,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hasbro in the fourth quarter valued at $540,000. Polymer Capital Management US LLC acquired a new stake in shares of Hasbro in the fourth quarter valued at $502,000. Jones Financial Companies Lllp lifted its holdings in shares of Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after buying an additional 2,426 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Hasbro in the first quarter valued at $306,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hasbro by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock valued at $66,522,000 after buying an additional 5,778 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup restated a “buy” rating and issued a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. Morgan Stanley upped their price objective on Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of Hasbro in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $81.25.

Hasbro Stock Up 1.1%

Shares of Hasbro stock opened at $73.13 on Friday. The stock’s fifty day moving average is $65.26 and its 200-day moving average is $61.16. The firm has a market capitalization of $10.25 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Hasbro’s payout ratio is presently 92.41%.

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.