Schroder Investment Management Group lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 1,065.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,060,823 shares of the company’s stock after buying an additional 969,806 shares during the period. Schroder Investment Management Group’s holdings in Hasbro were worth $96,418,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of HAS. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after buying an additional 1,065 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Hasbro in the fourth quarter valued at approximately $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Hasbro in the fourth quarter valued at approximately $136,000. Highstreet Asset Management Inc. boosted its stake in shares of Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after buying an additional 812 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in shares of Hasbro in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 79.86% of the company’s stock.
HAS has been the subject of several research analyst reports. KeyCorp restated a “buy” rating and set a $105.00 price objective on shares of Hasbro in a research report on Tuesday, October 24th. DA Davidson restated a “buy” rating and set a $124.00 price objective (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. B. Riley initiated coverage on shares of Hasbro in a research report on Thursday, December 21st. They set a “buy” rating and a $108.00 price objective for the company. Barclays restated an “equal weight” rating on shares of Hasbro in a research report on Wednesday, October 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $83.00 price objective on shares of Hasbro in a research report on Monday, November 27th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $109.87.
Hasbro, Inc. (NASDAQ HAS) opened at $98.85 on Friday. The stock has a market cap of $12,312.36, a price-to-earnings ratio of 31.68, a PEG ratio of 1.58 and a beta of 0.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.56 and a current ratio of 2.90. Hasbro, Inc. has a 1-year low of $87.92 and a 1-year high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.48. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 earnings per share. research analysts predict that Hasbro, Inc. will post 5.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.55%. Hasbro’s dividend payout ratio is 73.08%.
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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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