AMP Capital Investors Ltd reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,573 shares of the company’s stock after selling 560 shares during the period. AMP Capital Investors Ltd’s holdings in Hasbro were worth $4,505,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HAS. Wells Fargo & Company MN grew its stake in shares of Hasbro by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after buying an additional 426,136 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Hasbro by 4.6% during the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock worth $197,025,000 after buying an additional 89,358 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Hasbro by 160.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after buying an additional 1,145,999 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hasbro by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock worth $131,078,000 after buying an additional 19,821 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Hasbro by 14.7% during the fourth quarter. Boston Partners now owns 1,443,904 shares of the company’s stock worth $131,237,000 after buying an additional 184,842 shares during the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at $86.45 on Tuesday. 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 $10,895.35, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.41 and a beta of 0.82. Hasbro, Inc. has a 1 year low of $85.99 and a 1 year high of $116.20.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. equities research analysts expect that Hasbro, Inc. will post 5.34 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.91%. This is a boost from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is 73.08%.
A number of research firms have weighed in on HAS. Wells Fargo reaffirmed a “market perform” rating and set a $100.00 target price (up previously from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. B. Riley boosted their price objective on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp boosted their price objective on shares of Hasbro from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets boosted their price objective on shares of Hasbro from $83.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $108.43.
In other Hasbro news, EVP Barbara Finigan sold 20,408 shares of the company’s stock in a transaction on 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 owns 19,422 shares of the company’s stock, valued at $1,907,823.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John Frascotti sold 47,024 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the sale, the president now directly 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 394,435 shares of company stock worth $38,337,975 in the last ninety days. Insiders own 11.00% of the company’s stock.
WARNING: “Hasbro, Inc. (HAS) Shares Sold by AMP Capital Investors Ltd” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/20/hasbro-inc-has-shares-sold-by-amp-capital-investors-ltd.html.
Hasbro Company Profile
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.
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS).
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.