Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,904 shares of the company’s stock after buying an additional 5,771 shares during the quarter. Principal Financial Group Inc.’s holdings in Hasbro were worth $11,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HAS. Dimensional Fund Advisors LP lifted its position in Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after acquiring an additional 135,548 shares during the period. Samlyn Capital LLC raised its position in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after purchasing an additional 97,039 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

HAS stock opened at $56.70 on Monday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of -12.22, a PEG ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The stock’s fifty day moving average is $63.52 and its two-hundred day moving average is $64.70.

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

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.94%. Hasbro’s payout ratio is -60.34%.

Analysts Set New Price Targets

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