Cornerstone Capital Management Holdings LLC. cut its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 83.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 99,398 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Hasbro were worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Hasbro by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock valued at $29,946,000 after buying an additional 17,493 shares in the last quarter. Nationwide Fund Advisors grew its stake in Hasbro by 128.5% during the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock valued at $24,198,000 after purchasing an additional 122,023 shares during the last quarter. New York State Common Retirement Fund grew its stake in Hasbro by 9.3% during the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock valued at $27,248,000 after purchasing an additional 23,820 shares during the last quarter. Prudential Financial Inc. grew its stake in Hasbro by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock valued at $21,752,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Federated Investors Inc. PA grew its stake in Hasbro by 121.6% during the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock valued at $646,000 after purchasing an additional 3,181 shares during the last quarter. 79.32% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc. (HAS) traded up $0.04 during trading hours on Friday, reaching $92.45. The company had a trading volume of 1,328,847 shares, compared to its average volume of 1,230,000. The stock has a market capitalization of $11,520.00, a price-to-earnings ratio of 19.71, a PEG ratio of 1.51 and a beta of 0.86. Hasbro, Inc. has a 52-week low of $80.22 and a 52-week high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business posted $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year. equities analysts anticipate that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio is presently 48.61%.
A number of analysts have recently commented on HAS shares. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. DA Davidson reiterated a “buy” rating and set a $124.00 price target (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. BMO Capital Markets reiterated a “hold” rating and set a $83.00 price target on shares of Hasbro in a research report on Monday, November 27th. Finally, Stifel Nicolaus reduced their target price on Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $105.81.
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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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