Two Sigma Advisers LP reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,800 shares of the company’s stock after selling 49,791 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Hasbro worth $14,528,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Capital Research Global Investors increased its holdings in Hasbro by 31.6% during the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after purchasing an additional 3,356,518 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Hasbro by 7,213.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after purchasing an additional 2,115,671 shares during the period. Capital International Investors purchased a new position in Hasbro during the 3rd quarter worth $106,820,000. Macquarie Group Ltd. increased its holdings in Hasbro by 207.6% during the 3rd quarter. Macquarie Group Ltd. now owns 1,421,542 shares of the company’s stock worth $149,433,000 after purchasing an additional 959,350 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after purchasing an additional 701,535 shares during the period. Institutional investors own 89.23% of the company’s stock.
Shares of HAS stock opened at $83.96 on Tuesday. Hasbro, Inc. has a 1-year low of $76.84 and a 1-year high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97. The firm has a market cap of $10.51 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91.
Hasbro (NASDAQ:HAS) last announced its earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Hasbro, Inc. will post 4.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.24%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is 65.45%.
HAS has been the topic of several research reports. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. TheStreet downgraded Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Wells Fargo & Co reduced their price objective on Hasbro from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, February 13th. Finally, BMO Capital Markets reduced their price objective on Hasbro from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $102.67.
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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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