Virtu Financial LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,538 shares of the company’s stock, valued at approximately $556,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in HAS. Oregon Public Employees Retirement Fund lifted its stake in shares of Hasbro by 7,213.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after buying an additional 2,115,671 shares during the period. Norges Bank acquired a new stake in Hasbro during the 4th quarter valued at $92,891,000. JPMorgan Chase & Co. grew 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 valued at $241,773,000 after purchasing an additional 701,535 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hasbro by 21.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock valued at $277,331,000 after purchasing an additional 597,909 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Hasbro by 210.3% during the 3rd quarter. Morgan Stanley now owns 759,583 shares of the company’s stock valued at $79,846,000 after purchasing an additional 514,768 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ HAS opened at $88.78 on Friday. The stock has a market cap of $11.19 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.07 and a current ratio of 2.42. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $109.60.
Hasbro (NASDAQ:HAS) last released its earnings results on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.06%. Hasbro’s dividend payout ratio is 65.45%.
A number of research analysts have recently issued reports on HAS shares. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. TheStreet downgraded shares of Hasbro from a “b-” rating to a “c” rating in a research report on Friday, February 8th. ValuEngine downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. BidaskClub raised shares of Hasbro from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Wells Fargo & Co lowered their target price on shares of Hasbro from $95.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.43.
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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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