Natixis Advisors LLC Purchases 13,103 Shares of Hasbro, Inc. $HAS

Natixis Advisors LLC grew its position in Hasbro, Inc. (NASDAQ:HASFree Report) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 404,495 shares of the company’s stock after acquiring an additional 13,103 shares during the period. Natixis Advisors LLC’s holdings in Hasbro were worth $30,681,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Hasbro in the fourth quarter valued at about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro in the 1st quarter valued at approximately $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

Insider Buying and Selling

In related news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares in the company, valued at approximately $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christian P. Cocks sold 196,411 shares of Hasbro stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the completion of the transaction, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 413,342 shares of company stock worth $42,241,679. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Monness Crespi & Hardt increased their price objective on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a report on Wednesday, February 11th. Finally, Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Check Out Our Latest Analysis on Hasbro

Hasbro Trading Down 0.7%

NASDAQ:HAS opened at $95.07 on Wednesday. The company has a market cap of $13.38 billion, a P/E ratio of -40.46 and a beta of 0.54. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98. The business has a 50 day moving average price of $93.31 and a two-hundred day moving average price of $83.58. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HASGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. As a group, analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. Hasbro’s payout ratio is currently -119.15%.

About Hasbro

(Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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