Pitcairn Co. increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 48.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,096 shares of the company’s stock after purchasing an additional 1,005 shares during the quarter. Pitcairn Co.’s holdings in Hasbro were worth $281,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new position in Hasbro during the 4th quarter worth approximately $131,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Hasbro during the 4th quarter worth approximately $136,000. Delpha Capital Management LLC acquired a new position in Hasbro during the 4th quarter worth approximately $161,000. Fiduciary Trust Co. acquired a new position in Hasbro during the 4th quarter worth approximately $243,000. Finally, Advisor Partners LLC acquired a new position in Hasbro during the 4th quarter worth approximately $247,000. 80.66% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc. (NASDAQ HAS) traded down $0.82 on Wednesday, reaching $88.53. The company had a trading volume of 2,080,000 shares, compared to its average volume of 1,800,000. Hasbro, Inc. has a twelve month low of $87.58 and a twelve month high of $116.20. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. The company has a market cap of $10,990.00, a PE ratio of 16.07, a PEG ratio of 1.43 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 analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts predict that Hasbro, Inc. will post 5.39 earnings per share for the current year.
The company also recently disclosed 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 is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. This represents a $2.52 annualized dividend and a yield of 2.85%. Hasbro’s dividend payout ratio (DPR) is presently 41.38%.
In related news, CEO Brian Goldner sold 308,164 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total value of $29,882,663.08. Following the transaction, the chief executive officer now owns 101,134 shares in the company, valued at $9,806,963.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John Frascotti sold 47,024 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was 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 owns 85,625 shares in the company, valued at approximately $8,416,081.25. The disclosure for this sale can be found here. Insiders have sold a total of 394,435 shares of company stock worth $38,337,975 in the last quarter. Company insiders own 11.00% of the company’s stock.
A number of research firms have weighed in on HAS. BMO Capital Markets reduced their price target 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 downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Wells Fargo & Co reissued a “market perform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. KeyCorp increased their price objective on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, B. Riley increased their price objective on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.50.
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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