BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 38.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,703 shares of the company’s stock after selling 42,734 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Hasbro worth $6,808,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of HAS. Janus Henderson Group PLC lifted its holdings in shares of Hasbro by 13,379.9% during the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock worth $214,980,000 after purchasing an additional 1,913,599 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hasbro by 311.6% during the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock worth $242,840,000 after purchasing an additional 1,648,675 shares during the period. FMR LLC lifted its holdings in Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares during the period. Ameriprise Financial Inc. lifted its holdings in Hasbro by 308.1% in the second quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after buying an additional 782,881 shares during the period. Finally, BlackRock Inc. lifted its holdings in Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares during the period. Institutional investors own 79.83% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at $91.67 on Tuesday. Hasbro, Inc. has a 52 week low of $77.20 and a 52 week high of $116.20. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87. The firm has a market cap of $11,379.40, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. equities research analysts predict that Hasbro, Inc. will post 5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is currently 48.72%.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Thursday, August 17th. Goldman Sachs Group restated a “buy” rating and issued a $118.00 target price on shares of Hasbro in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a report on Thursday, September 28th. UBS set a $104.00 target price on shares of Hasbro and gave the company a “hold” rating in a report on Monday, November 13th. Finally, DA Davidson set a $124.00 target price on shares of Hasbro and gave the company a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Hasbro currently has a consensus rating of “Hold” and a consensus price target of $105.99.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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