Pittenger & Anderson Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,580 shares of the company’s stock after buying an additional 3,650 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Hasbro were worth $3,320,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of HAS. CHICAGO TRUST Co NA lifted its stake in shares of Hasbro by 8.5% in the 3rd quarter. CHICAGO TRUST Co NA now owns 8,078 shares of the company’s stock valued at $849,000 after purchasing an additional 633 shares during the period. Manning & Napier Group LLC lifted its stake in shares of Hasbro by 7.1% in the 3rd quarter. Manning & Napier Group LLC now owns 26,084 shares of the company’s stock valued at $2,741,000 after purchasing an additional 1,731 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Hasbro by 16.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 165,730 shares of the company’s stock valued at $17,419,000 after purchasing an additional 23,644 shares during the period. Atria Investments LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at $215,000. Finally, Royal London Asset Management Ltd. acquired a new position in shares of Hasbro in the 2nd quarter valued at $4,274,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
HAS has been the topic of a number of analyst reports. TheStreet raised Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. DA Davidson upped their price objective on shares of Hasbro to $124.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. B. Riley upped their price objective on shares of Hasbro from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Jefferies Financial Group set a $120.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $107.33.
HAS opened at $98.31 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.69 and a quick ratio of 2.11. Hasbro, Inc. has a 12 month low of $79.00 and a 12 month high of $109.60. The firm has a market capitalization of $13.34 billion, a P/E ratio of 18.01, a PEG ratio of 1.90 and a beta of 0.89.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 23rd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. The business had revenue of $904.50 million during the quarter, compared to analysts’ expectations of $839.29 million. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 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 2.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 46.15%.
In other Hasbro news, CFO Deborah Thomas sold 19,683 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the completion of the transaction, the chief financial officer now owns 97,083 shares in the company, valued at approximately $9,788,878.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Frascotti sold 20,500 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $102.00, for a total value of $2,091,000.00. Following the transaction, the chief operating officer now owns 122,003 shares of the company’s stock, valued at approximately $12,444,306. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,645 shares of company stock valued at $10,796,944. Corporate insiders own 9.90% of the company’s stock.
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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