Victory Capital Management Inc. Decreases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Victory Capital Management Inc. cut its position in Hasbro, Inc. (NASDAQ:HAS) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,091 shares of the company’s stock after selling 434 shares during the quarter. Victory Capital Management Inc.’s holdings in Hasbro were worth $1,525,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Axiom Advisory LLC raised its stake in Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after acquiring an additional 170 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of Hasbro by 4.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after buying an additional 217 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 2.9 %

Shares of NASDAQ HAS opened at $64.35 on Tuesday. 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 business has a 50-day moving average of $68.32 and a 200-day moving average of $64.37. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -13.87, a PEG ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 12 month low of $44.85 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 EPS. Sell-side analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal 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 paid a $0.70 dividend. 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 4.35%. Hasbro’s dividend payout ratio is presently -60.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America boosted their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group raised their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Hasbro 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.