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

Thrivent Financial for Lutherans cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAS. Glenmede Trust Co. NA raised its holdings in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares in the last quarter. Keybank National Association OH lifted its holdings in Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock worth $301,000 after buying an additional 180 shares during the period. Principal Securities Inc. boosted its position in Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares during the period. Finally, Morningstar Investment Management LLC lifted its stake in shares of Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after purchasing an additional 258 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $61.38 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12-month low of $54.26 and a 12-month high of $73.46. The business’s 50 day moving average is $61.11 and its two-hundred day moving average is $63.61. The company has a market capitalization of $8.56 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.56%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. StockNews.com raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

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.