Robeco Institutional Asset Management B.V. Has $2.69 Million Stake in Hasbro (HAS)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Hasbro (NASDAQ:HAS) by 48.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,896 shares of the company’s stock after acquiring an additional 10,377 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hasbro were worth $2,689,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in Hasbro by 20.8% during the fourth quarter. Bank of Montreal Can now owns 134,210 shares of the company’s stock worth $12,200,000 after buying an additional 23,066 shares during the last quarter. National Pension Service raised its stake in Hasbro by 7.9% during the fourth quarter. National Pension Service now owns 142,280 shares of the company’s stock worth $12,932,000 after buying an additional 10,428 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Hasbro during the fourth quarter worth $528,000. State of Alaska Department of Revenue raised its stake in Hasbro by 20.0% during the fourth quarter. State of Alaska Department of Revenue now owns 30,906 shares of the company’s stock worth $2,806,000 after buying an additional 5,150 shares during the last quarter. Finally, Cornerstone Investment Partners LLC raised its stake in Hasbro by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 6,600 shares of the company’s stock worth $600,000 after buying an additional 3,300 shares during the last quarter. 79.22% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on HAS. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Wells Fargo & Co reissued a “market perform” rating and set a $100.00 target price (up previously from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. Jefferies Group set a $110.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research note on Thursday, March 15th. B. Riley lifted their target price on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, KeyCorp lowered their target price on shares of Hasbro from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $102.07.

In other news, EVP Wiebe Tinga sold 3,955 shares of Hasbro stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $97.19, for a total transaction of $384,386.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Goldner sold 308,164 shares of Hasbro stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the transaction, the chief executive officer now owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,435 shares of company stock valued at $38,337,975. Insiders own 9.90% of the company’s stock.

HAS opened at $87.56 on Wednesday. Hasbro has a 1-year low of $79.00 and a 1-year high of $116.20. The company has a quick ratio of 2.94, a current ratio of 3.54 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.55 and a beta of 0.85.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, April 23rd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Hasbro had a net margin of 4.25% and a return on equity of 35.43%. The company had revenue of $716.30 million during the quarter, compared to the consensus estimate of $816.00 million. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. equities analysts predict that Hasbro will post 4.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, July 31st. Hasbro’s dividend payout ratio (DPR) is currently 46.15%.

Hasbro declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 17th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Hasbro 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.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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