MainStreet Investment Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 80,079 shares of the company’s stock, valued at approximately $7,278,000. Hasbro makes up about 1.1% of MainStreet Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. MainStreet Investment Advisors LLC owned 0.06% of Hasbro at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its position 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 purchasing an additional 426,136 shares during the last quarter. Janus Henderson Group PLC lifted its position 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 purchasing an additional 89,358 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 purchasing an additional 1,145,999 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hasbro by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock valued at $131,078,000 after acquiring an additional 19,821 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Hasbro by 14.7% in the fourth quarter. Boston Partners now owns 1,443,904 shares of the company’s stock valued at $131,237,000 after acquiring an additional 184,842 shares in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.
Shares of HAS stock traded down $0.97 during trading hours on Friday, reaching $84.43. 1,010,325 shares of the company’s stock were exchanged, compared to its average volume of 1,424,088. Hasbro, Inc. has a 1 year low of $83.40 and a 1 year high of $116.20. The firm has a market capitalization of $10,679.34, a price-to-earnings ratio of 15.46, a PEG ratio of 1.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.56 and a current ratio of 2.90.
Hasbro (NASDAQ:HAS) last released 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. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. equities analysts forecast that Hasbro, Inc. will post 5.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.98%. Hasbro’s payout ratio is 41.76%.
Several analysts recently weighed in on HAS shares. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Friday, December 15th. B. Riley started coverage on Hasbro in a report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Stifel Nicolaus cut their target price on Hasbro from $100.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Finally, KeyCorp lifted their target price on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $105.93.
In other Hasbro news, President John Frascotti sold 47,024 shares of the business’s stock in a transaction that occurred 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 directly owns 85,625 shares of the company’s stock, valued at $8,416,081.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 8,884 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $97.51, for a total value of $866,278.84. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock valued at $38,337,975 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.
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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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