Impax Asset Management Group plc Decreases Stake in Hasbro, Inc. (NASDAQ:HAS)

Impax Asset Management Group plc decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 76.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,755 shares of the company’s stock after selling 41,067 shares during the quarter. Impax Asset Management Group plc’s holdings in Hasbro were worth $922,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Hasbro in the 1st quarter worth approximately $82,523,000. Samlyn Capital LLC boosted its position in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares in the last quarter. AQR Capital Management LLC grew its holdings in Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in shares of Hasbro in the third quarter valued at $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Hasbro during the 3rd quarter worth $18,163,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HAS. Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group lifted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Down 1.3 %

Shares of NASDAQ:HAS opened at $62.21 on Friday. Hasbro, Inc. has a 12-month low of $43.74 and a 12-month high of $73.46. The stock’s 50-day moving average price is $69.01 and its two-hundred day moving average price is $64.27. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of -13.41, a PEG ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 earnings per share. On average, research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Hasbro Company 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.