Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,264 shares of the company’s stock after selling 3,500 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Hasbro were worth $2,024,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HAS. Nationwide Fund Advisors raised its stake in Hasbro by 8.5% during the 3rd quarter. Nationwide Fund Advisors now owns 235,499 shares of the company’s stock worth $23,001,000 after buying an additional 18,499 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Hasbro by 13.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,413 shares of the company’s stock worth $1,603,000 after buying an additional 1,906 shares during the period. State of Wisconsin Investment Board raised its stake in Hasbro by 8.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 109,766 shares of the company’s stock worth $10,721,000 after buying an additional 8,476 shares during the period. Prudential Financial Inc. raised its stake in Hasbro by 2.4% during the 3rd quarter. Prudential Financial Inc. now owns 199,743 shares of the company’s stock worth $19,508,000 after buying an additional 4,680 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its stake in Hasbro by 27.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 9,625 shares of the company’s stock worth $940,000 after buying an additional 2,098 shares during the period. Institutional investors own 80.66% of the company’s stock.
A number of research analysts recently weighed in on HAS shares. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price objective on shares of Hasbro in a research note on Monday, November 27th. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. B. Riley initiated coverage on Hasbro in a research note on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on Hasbro from $100.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Hasbro currently has a consensus rating of “Hold” and an average target price of $109.50.
Shares of Hasbro, Inc. (HAS) opened at $88.53 on Thursday. The company has a market capitalization of $10,990.00, a P/E ratio of 16.07, a PEG ratio of 1.43 and a beta of 0.82. Hasbro, Inc. has a 52 week low of $87.58 and a 52 week high of $116.20. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.82 by $0.48. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. equities research analysts predict that Hasbro, Inc. will post 5.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.85%. Hasbro’s dividend payout ratio is currently 41.38%.
In other news, EVP Barbara Finigan sold 20,408 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.23, for a total value of $2,004,677.84. Following the completion of the transaction, the executive vice president now directly owns 19,422 shares of the company’s stock, valued at $1,907,823.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President John Frascotti sold 47,024 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.29, for a total value of $4,621,988.96. Following the completion of the transaction, the president now directly owns 85,625 shares of the company’s stock, valued at $8,416,081.25. 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. 11.00% of the stock is currently owned by corporate insiders.
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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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