LPL Financial LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 26.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,873 shares of the company’s stock after selling 7,040 shares during the period. LPL Financial LLC’s holdings in Hasbro were worth $1,675,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Hasbro by 2.8% during the first quarter. Wells Fargo & Company MN now owns 3,359,777 shares of the company’s stock valued at $283,231,000 after buying an additional 92,343 shares during the period. Principal Financial Group Inc. increased its position in shares of Hasbro by 1.9% during the first quarter. Principal Financial Group Inc. now owns 3,292,366 shares of the company’s stock valued at $277,546,000 after buying an additional 61,893 shares during the period. Victory Capital Management Inc. increased its position in shares of Hasbro by 30.7% during the first quarter. Victory Capital Management Inc. now owns 2,432,217 shares of the company’s stock valued at $205,036,000 after buying an additional 571,984 shares during the period. Boston Partners increased its position in shares of Hasbro by 25.5% during the first quarter. Boston Partners now owns 1,812,041 shares of the company’s stock valued at $152,755,000 after buying an additional 368,137 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Hasbro by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,566,134 shares of the company’s stock valued at $132,025,000 after buying an additional 4,052 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Hasbro from $100.00 to $96.00 and set a “market perform” rating on the stock in a research report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Hasbro from a “strong sell” rating to a “hold” rating in a research report on Monday, June 25th. Jefferies Financial Group set a $110.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, SunTrust Banks restated a “hold” rating and issued a $90.00 price objective on shares of Hasbro in a research report on Thursday, April 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus target price of $102.07.
Hasbro opened at $95.31 on Friday, MarketBeat reports. The company has a current ratio of 3.54, a quick ratio of 2.94 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $11.64 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.65 and a beta of 0.87. Hasbro, Inc. has a 1-year low of $79.00 and a 1-year high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, April 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.21). The firm had revenue of $716.30 million during the quarter, compared to analysts’ expectations of $816.00 million. Hasbro had a return on equity of 35.43% and a net margin of 4.25%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. sell-side analysts predict that Hasbro, Inc. will post 4.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, July 31st. Hasbro’s dividend payout ratio is currently 46.15%.
Hasbro announced that its Board of Directors has initiated a stock buyback program on Thursday, May 17th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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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