US Bancorp DE lowered its position in shares of Hasbro (NASDAQ:HAS) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,131 shares of the company’s stock after selling 23,895 shares during the period. US Bancorp DE owned about 0.12% of Hasbro worth $13,077,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in Hasbro in the 4th quarter worth $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hasbro in the 4th quarter worth $136,000. Dupont Capital Management Corp raised its holdings in Hasbro by 88.4% in the 1st quarter. Dupont Capital Management Corp now owns 1,846 shares of the company’s stock worth $156,000 after purchasing an additional 866 shares in the last quarter. Delpha Capital Management LLC bought a new position in Hasbro in the 4th quarter worth $161,000. Finally, Ellington Management Group LLC bought a new position in Hasbro in the 4th quarter worth $209,000. 80.79% of the stock is owned by institutional investors and hedge funds.
NASDAQ:HAS opened at $88.71 on Friday. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.58 and a beta of 0.85. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.54 and a quick ratio of 2.94. Hasbro has a fifty-two week low of $79.00 and a fifty-two week high of $116.20.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, April 23rd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $716.30 million for the quarter, compared to the consensus estimate of $816.00 million. Hasbro had a net margin of 4.25% and a return on equity of 35.43%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. equities research analysts expect that Hasbro will post 4.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, July 31st. Hasbro’s payout ratio is presently 46.15%.
Hasbro announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 17th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have commented on HAS shares. TheStreet lowered shares of Hasbro from a “b-” rating to a “c+” rating in a report on Friday, April 6th. Wells Fargo restated a “market perform” rating and issued a $100.00 price objective (up from $95.00) on shares of Hasbro in a report on Thursday, February 8th. BMO Capital Markets decreased their price objective on shares of Hasbro from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub upgraded shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Hasbro from $98.00 to $93.00 and set a “hold” rating for the company in a report on Wednesday, April 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Hasbro presently has an average rating of “Hold” and a consensus target price of $102.07.
In other news, EVP Wiebe Tinga sold 3,955 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $97.19, for a total transaction of $384,386.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Barbara Finigan sold 20,408 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.23, for a total transaction of $2,004,677.84. Following the sale, the executive vice president now directly owns 19,422 shares in the company, valued at approximately $1,907,823.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 394,435 shares of company stock worth $38,337,975. Insiders own 9.90% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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