Capital One National Association increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,424 shares of the company’s stock after buying an additional 1,319 shares during the quarter. Capital One National Association’s holdings in Hasbro were worth $947,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans grew its stake in Hasbro by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock worth $475,000 after buying an additional 140 shares during the last quarter. Scotia Capital Inc. grew its stake in shares of Hasbro by 21.3% in the 2nd quarter. Scotia Capital Inc. now owns 2,779 shares of the company’s stock valued at $310,000 after purchasing an additional 488 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Hasbro by 11.3% in the 4th quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock valued at $488,000 after purchasing an additional 546 shares during the last quarter. Commerce Bank grew its stake in shares of Hasbro by 2.3% in the 3rd quarter. Commerce Bank now owns 26,643 shares of the company’s stock valued at $2,602,000 after purchasing an additional 592 shares during the last quarter. Finally, Portland Global Advisors LLC grew its stake in shares of Hasbro by 1.9% in the 3rd quarter. Portland Global Advisors LLC now owns 36,118 shares of the company’s stock valued at $3,528,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.
Several research analysts have weighed in on the company. BMO Capital Markets lowered their target price on Hasbro from $100.00 to $96.00 and set an “average” rating on the stock in a research note on Thursday. They noted that the move was a valuation call. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Stifel Nicolaus lowered their target price on Hasbro from $100.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, B. Riley lifted their target price on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Hasbro has a consensus rating of “Hold” and a consensus price target of $109.50.
In related news, CEO Brian Goldner sold 308,164 shares of Hasbro stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the completion of the transaction, the chief executive officer now directly owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Wiebe Tinga sold 3,955 shares of Hasbro stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $97.19, for a total value of $384,386.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 394,435 shares of company stock worth $38,337,975. Company insiders own 11.00% of the company’s stock.
Hasbro, Inc. (HAS) traded down $0.84 during trading on Thursday, hitting $93.38. The company had a trading volume of 861,475 shares, compared to its average volume of 1,800,000. 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 12-month low of $87.92 and a 12-month high of $116.20. The stock has a market capitalization of $11,630.00, a P/E ratio of 16.95, a PEG ratio of 1.53 and a beta of 0.82.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts expect that Hasbro, Inc. will post 5.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.63 dividend. The ex-dividend date is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.70%. Hasbro’s payout ratio is 41.38%.
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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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