Toronto Dominion Bank Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Toronto Dominion Bank decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.4% during the third quarter, Holdings Channel.com reports. The firm owned 51,010 shares of the company’s stock after selling 198 shares during the period. Toronto Dominion Bank’s holdings in Hasbro were worth $3,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HAS. Mizuho Securities USA LLC grew its holdings in Hasbro by 9,806.9% in the third 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 during the period. Samlyn Capital LLC grew its stake in Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares during the period. AQR Capital Management LLC increased its holdings in Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Hasbro during the third quarter worth $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Hasbro during the third quarter worth $18,163,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 3.6 %

Shares of NASDAQ:HAS opened at $61.76 on Monday. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The stock has a market cap of $8.62 billion, a P/E ratio of -13.31, a PEG ratio of 0.60 and a beta of 0.62. The business has a fifty day moving average of $66.38 and a two-hundred day moving average of $64.76. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.64 earnings per share. Hasbro’s revenue was down 14.8% compared to the same quarter last year. On average, research analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HAS. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

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.