Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 57.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,175 shares of the company’s stock after selling 12,200 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hasbro were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Hasbro by 2.8% during the first quarter. Wells Fargo & Company MN now owns 3,359,777 shares of the company’s stock valued at $283,231,000 after acquiring an additional 92,343 shares during the last quarter. Principal Financial Group Inc. increased its position in Hasbro by 1.9% during the first quarter. Principal Financial Group Inc. now owns 3,292,366 shares of the company’s stock valued at $277,546,000 after acquiring an additional 61,893 shares during the last quarter. Victory Capital Management Inc. increased its position in Hasbro by 30.7% during the first quarter. Victory Capital Management Inc. now owns 2,432,217 shares of the company’s stock valued at $205,036,000 after acquiring an additional 571,984 shares during the last quarter. Boston Partners increased its position in Hasbro by 25.5% during the first quarter. Boston Partners now owns 1,812,041 shares of the company’s stock valued at $152,755,000 after acquiring an additional 368,137 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Hasbro by 0.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,571,606 shares of the company’s stock valued at $145,075,000 after acquiring an additional 5,472 shares during the last quarter. Institutional investors own 78.30% of the company’s stock.

A number of analysts have commented on HAS shares. MKM Partners upgraded Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $92.00 to $115.00 in a research report on Wednesday. TheStreet upgraded Hasbro from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. SunTrust Banks upped their price target on Hasbro to $108.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Monness Crespi & Hardt cut Hasbro from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $107.59.

NASDAQ HAS opened at $98.53 on Friday. The stock has a market capitalization of $12.42 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.69 and a quick ratio of 2.11. Hasbro, Inc. has a twelve month low of $79.00 and a twelve month high of $107.58.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.19. The firm had revenue of $904.50 million during the quarter, compared to analyst estimates of $839.29 million. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. equities research analysts predict that Hasbro, Inc. will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, October 31st. Hasbro’s dividend payout ratio (DPR) is 46.15%.

Hasbro declared that its board has authorized a share repurchase program on Thursday, May 17th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP Wiebe Tinga sold 20,674 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $101.24, for a total value of $2,093,035.76. Following the completion of the transaction, the executive vice president now owns 67,943 shares of the company’s stock, valued at $6,878,549.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Deborah Thomas sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $100.63, for a total value of $1,006,300.00. Following the completion of the transaction, the chief financial officer now directly owns 84,568 shares of the company’s stock, valued at approximately $8,510,077.84. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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