MML Investors Services LLC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,496 shares of the company’s stock after buying an additional 571 shares during the period. MML Investors Services LLC’s holdings in Hasbro were worth $772,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings 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 acquiring an additional 426,136 shares during the period. Janus Henderson Group PLC boosted its position in shares of Hasbro by 4.6% in 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Hasbro by 160.5% in 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Hasbro by 1.4% in 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 in the last quarter. Finally, Boston Partners boosted its position in shares of Hasbro by 14.7% in 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 in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.
NASDAQ HAS traded down $0.97 during trading on Friday, hitting $84.43. The stock had a trading volume of 1,010,325 shares, compared to its average volume of 1,424,088. The company has a market cap of $10,679.34, a P/E ratio of 15.46, a PEG ratio of 1.39 and a beta of 0.87. Hasbro, Inc. has a one year low of $83.40 and a one year high of $116.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56.
Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. equities research analysts expect that Hasbro, Inc. will post 5.26 EPS 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 given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.98%. Hasbro’s dividend payout ratio (DPR) is 41.76%.
In related news, CEO Brian Goldner sold 308,164 shares of Hasbro stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the transaction, the chief executive officer now directly owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Deborah Thomas sold 6,000 shares of Hasbro stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $96.33, for a total transaction of $577,980.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,435 shares of company stock worth $38,337,975. 11.00% of the stock is currently owned by corporate insiders.
HAS has been the topic of a number of analyst reports. BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. B. Riley began coverage on Hasbro in a research report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective on the stock. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Stifel Nicolaus lowered their price target on Hasbro from $100.00 to $97.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. Finally, KeyCorp increased their price objective on shares of Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Hasbro presently has an average rating of “Hold” and an average price target of $105.93.
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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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