Amalgamated Bank Cuts Position in Hasbro, Inc. (NASDAQ:HAS)

Amalgamated Bank reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,927 shares of the company’s stock after selling 667 shares during the period. Amalgamated Bank’s holdings in Hasbro were worth $2,020,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HAS. Intech Investment Management LLC lifted its position in 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 acquiring an additional 19,007 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after purchasing an additional 55,847 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake 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. GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the 3rd quarter valued at $18,163,000. Finally, Russell Investments Group Ltd. increased its stake in Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock worth $1,557,000 after buying an additional 8,280 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Down 0.4 %

Hasbro stock opened at $64.15 on Tuesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 1 year low of $42.69 and a 1 year high of $73.46. The firm’s 50-day moving average is $69.45 and its 200-day moving average is $64.31. The company has a market cap of $8.95 billion, a P/E ratio of -13.88, a PEG ratio of 0.60 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post 3.93 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. Investors 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 dividend on an annualized basis and a yield of 4.36%. Hasbro’s payout ratio is currently -60.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HAS shares. Bank of America upped their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus raised their price target 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. Finally, Jefferies Financial Group upped their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.