Clearbridge Investments LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 567,596 shares of the company’s stock after acquiring an additional 79,914 shares during the quarter. Clearbridge Investments LLC owned about 0.46% of Hasbro worth $51,589,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Wells Fargo & Company MN lifted its position in shares of Hasbro by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after purchasing an additional 426,136 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Hasbro by 4.6% during the 3rd quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock worth $197,025,000 after purchasing an additional 89,358 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Hasbro by 160.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after purchasing an additional 1,145,999 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hasbro by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock worth $131,078,000 after purchasing an additional 19,821 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Hasbro by 14.7% during the 4th quarter. Boston Partners now owns 1,443,904 shares of the company’s stock worth $131,237,000 after purchasing an additional 184,842 shares during the last quarter. Institutional investors own 80.66% of the company’s stock.
In other news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total value of $577,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wiebe Tinga sold 3,955 shares of the stock in a transaction that occurred 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 three months, insiders sold 394,435 shares of company stock valued at $38,337,975. 11.00% of the stock is currently owned by insiders.
Hasbro, Inc. (HAS) opened at $89.35 on Wednesday. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $11,184.69, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. Hasbro, Inc. has a twelve month low of $87.92 and a twelve month high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts expect that Hasbro, Inc. will post 5.39 earnings per share for the current year.
The business 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 is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.82%. Hasbro’s dividend payout ratio is presently 73.08%.
Several equities analysts recently weighed in on HAS shares. Wells Fargo & Co reissued a “market perform” rating and set a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. BMO Capital Markets cut their price objective on Hasbro from $100.00 to $96.00 and set a “market perform” rating for the company in a research report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub cut Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. DA Davidson set a $124.00 price target on Hasbro and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $109.50.
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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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