Centre Asset Management LLC Has $8.41 Million Stake in Hasbro, Inc. (NASDAQ:HAS)

Centre Asset Management LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,401 shares of the company’s stock after selling 13,605 shares during the quarter. Hasbro makes up 1.9% of Centre Asset Management LLC’s portfolio, making the stock its 26th largest holding. Centre Asset Management LLC’s holdings in Hasbro were worth $8,409,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the last quarter. Axiom Advisory LLC grew its position in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after buying an additional 170 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after buying an additional 179 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 196 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Hasbro stock traded up $0.59 during trading hours on Friday, reaching $57.02. 158,678 shares of the stock were exchanged, compared to its average volume of 902,041. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The company has a market cap of $7.95 billion, a P/E ratio of -12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62. The stock has a 50 day moving average of $62.41 and a two-hundred day moving average of $64.52.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.91%. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their target price 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. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America increased their price objective 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 price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

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.