LGT Capital Partners LTD. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,300 shares of the company’s stock after selling 6,300 shares during the quarter. LGT Capital Partners LTD. owned 0.13% of Hasbro worth $17,376,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Canada Pension Plan Investment Board increased its position in shares of Hasbro by 75.2% in the second quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock valued at $12,624,000 after acquiring an additional 58,710 shares during the last quarter. Dividend Assets Capital LLC acquired a new stake in shares of Hasbro in the second quarter valued at about $2,578,000. Neuburgh Advisers LLC increased its position in shares of Hasbro by 86.3% in the second quarter. Neuburgh Advisers LLC now owns 20,842 shares of the company’s stock valued at $1,924,000 after acquiring an additional 9,656 shares during the last quarter. Burney Co. increased its position in shares of Hasbro by 15.1% in the second quarter. Burney Co. now owns 38,805 shares of the company’s stock valued at $3,582,000 after acquiring an additional 5,102 shares during the last quarter. Finally, FMR LLC increased its position in shares of Hasbro by 50.9% in the second quarter. FMR LLC now owns 71,531 shares of the company’s stock valued at $6,603,000 after acquiring an additional 24,135 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ HAS traded down $2.58 during trading on Thursday, reaching $98.31. 28,633 shares of the company’s stock were exchanged, compared to its average volume of 1,378,781. The company has a market cap of $13.34 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. The company has a quick ratio of 2.11, a current ratio of 2.69 and a debt-to-equity ratio of 0.96. Hasbro, Inc. has a fifty-two week low of $79.00 and a fifty-two week high of $109.60.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.19. The firm had revenue of $904.50 million for the quarter, compared to the consensus estimate of $839.29 million. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 4.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 46.15%.
A number of research firms recently issued reports on HAS. Zacks Investment Research raised Hasbro from a “strong sell” rating to a “hold” rating in a research report on Monday, June 25th. Barclays lifted their target price on Hasbro from $100.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, July 24th. TheStreet raised Hasbro from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Citigroup lifted their target price on Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, BMO Capital Markets lifted their target price on Hasbro from $75.00 to $85.00 and gave the company an “underperform” rating in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $107.47.
In other news, CFO Deborah Thomas sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $100.63, for a total transaction of $1,006,300.00. Following the completion of the sale, the chief financial officer now owns 84,568 shares in the company, valued at $8,510,077.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tarrant L. Sibley sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total value of $152,500.00. Following the sale, the senior vice president now owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,645 shares of company stock worth $10,796,944. Company insiders own 9.90% of the company’s stock.
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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