Cadence Capital Management LLC lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,319 shares of the company’s stock after selling 4,697 shares during the period. Cadence Capital Management LLC’s holdings in Hasbro were worth $756,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Thrivent Financial For Lutherans lifted its position in shares of Hasbro by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after acquiring an additional 140 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of Hasbro by 21.3% during the 2nd quarter. Scotia Capital Inc. now owns 2,779 shares of the company’s stock valued at $310,000 after acquiring an additional 488 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Hasbro by 11.3% during the 4th quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock valued at $488,000 after acquiring an additional 546 shares during the last quarter. Commerce Bank lifted its holdings in shares of Hasbro by 2.3% in the third quarter. Commerce Bank now owns 26,643 shares of the company’s stock valued at $2,602,000 after purchasing an additional 592 shares in the last quarter. Finally, Portland Global Advisors LLC lifted its holdings in shares of Hasbro by 1.9% in the third 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 in the last quarter. Institutional investors own 79.49% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets reduced their target price on Hasbro from $100.00 to $96.00 and set an “average” rating for the company in a report on Thursday. They noted that the move was a valuation call. B. Riley increased their target price on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $100.00 target price (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. One 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 presently has an average rating of “Hold” and an average target price of $109.50.
In other Hasbro news, President John Frascotti sold 47,024 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the transaction, the president now directly owns 85,625 shares of the company’s stock, valued at $8,416,081.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total transaction of $577,980.00. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock worth $38,337,975 over the last three months. Company insiders own 11.00% of the company’s stock.
Shares of Hasbro, Inc. (HAS) traded down $0.84 during trading hours 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 current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro, Inc. has a twelve month low of $87.92 and a twelve month high of $116.20. The stock has a market capitalization of $11,630.00, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. Hasbro’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. sell-side analysts anticipate that Hasbro, Inc. will post 5.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.70%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio is presently 41.38%.
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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