Morgan Dempsey Capital Management LLC Sells 45,337 Shares of Hasbro, Inc. (NASDAQ:HAS)

Morgan Dempsey Capital Management LLC lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 36.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 78,292 shares of the company’s stock after selling 45,337 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Hasbro were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lindbrook Capital LLC grew its stake in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Hasbro by 5.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after acquiring an additional 215 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Hasbro by 0.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after acquiring an additional 288 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Hasbro by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after acquiring an additional 299 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in shares of Hasbro by 16.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock worth $123,000 after purchasing an additional 305 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 1.9 %

HAS stock traded down $1.30 during midday trading on Friday, reaching $66.50. The company’s stock had a trading volume of 1,013,626 shares, compared to its average volume of 1,699,394. The business’s 50-day simple moving average is $63.11 and its 200-day simple moving average is $59.36. The stock has a market cap of $9.26 billion, a PE ratio of -6.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $72.53. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date was Wednesday, August 21st. Hasbro’s payout ratio is presently -27.61%.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley boosted their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson reaffirmed a “neutral” rating and set a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. UBS Group lifted their price objective on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the company from $70.00 to $80.00 in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

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.