Keybank National Association OH lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 22,800 shares of the company’s stock after selling 1,395 shares during the period. Keybank National Association OH’s holdings in Hasbro were worth $2,072,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. Victory Capital Management Inc. increased its holdings in Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after purchasing an additional 1,145,999 shares during the last quarter. Boston Partners increased its holdings in Hasbro by 111.8% in the third quarter. Boston Partners now owns 1,259,062 shares of the company’s stock valued at $122,973,000 after purchasing an additional 664,474 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Hasbro by 38.9% in the third quarter. Ameriprise Financial Inc. now owns 1,440,532 shares of the company’s stock valued at $140,539,000 after purchasing an additional 403,580 shares during the last quarter. APG Asset Management N.V. increased its holdings in Hasbro by 154.0% in the third quarter. APG Asset Management N.V. now owns 434,800 shares of the company’s stock valued at $42,467,000 after purchasing an additional 263,600 shares during the last quarter. Finally, Chilton Investment Co. LLC bought a new stake in Hasbro in the fourth quarter valued at about $19,688,000. Institutional investors and hedge funds own 77.90% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. B. Riley upped 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. Wells Fargo & Co reiterated 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. Finally, Stifel Nicolaus dropped their price objective on Hasbro from $100.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $109.87.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at $98.85 on Monday. Hasbro, Inc. has a fifty-two week low of $87.92 and a fifty-two week high of $116.20. The stock has a market capitalization of $12,312.32, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86. 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 announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. sell-side analysts predict that Hasbro, Inc. will post 5.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a $0.63 dividend. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio is 73.08%.
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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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