Alliancebernstein L.P. lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,575 shares of the company’s stock after buying an additional 17,314 shares during the period. Alliancebernstein L.P. owned about 0.45% of Hasbro worth $51,132,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HAS. Nationwide Fund Advisors raised its stake in shares of Hasbro by 8.5% during the 3rd quarter. Nationwide Fund Advisors now owns 235,499 shares of the company’s stock worth $23,001,000 after buying an additional 18,499 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Hasbro by 13.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,413 shares of the company’s stock worth $1,603,000 after buying an additional 1,906 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Hasbro by 8.4% in the 3rd quarter. State of Wisconsin Investment Board now owns 109,766 shares of the company’s stock valued at $10,721,000 after purchasing an additional 8,476 shares in the last quarter. Prudential Financial Inc. increased its stake in Hasbro by 2.4% in the 3rd quarter. Prudential Financial Inc. now owns 199,743 shares of the company’s stock valued at $19,508,000 after purchasing an additional 4,680 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Hasbro by 123.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,154 shares of the company’s stock valued at $699,000 after purchasing an additional 3,954 shares in the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.
In other Hasbro news, EVP Wiebe Tinga sold 3,955 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $97.19, for a total transaction of $384,386.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President John Frascotti sold 47,024 shares of the firm’s stock in a transaction 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 sale, the president now owns 85,625 shares in the company, valued at approximately $8,416,081.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 394,435 shares of company stock worth $38,337,975. 11.00% of the stock is owned by insiders.
Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a return on equity of 61.70% and a net margin of 18.24%. Hasbro’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. equities research analysts forecast that Hasbro, Inc. will post 5.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is 41.38%.
Several research firms recently weighed in on HAS. B. Riley began coverage on Hasbro in a research note on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BMO Capital Markets raised their price objective on Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. KeyCorp raised their price objective on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $109.50.
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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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