Aviva PLC reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,548 shares of the company’s stock after selling 1,639 shares during the period. Aviva PLC’s holdings in Hasbro were worth $5,839,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Dimensional Fund Advisors LP grew its position in Hasbro by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 486,965 shares of the company’s stock worth $51,193,000 after buying an additional 15,850 shares during the period. Virtu Financial LLC acquired a new position in Hasbro during the third quarter worth about $6,557,000. Pictet Asset Management Ltd. grew its position in Hasbro by 1.3% during the third quarter. Pictet Asset Management Ltd. now owns 161,803 shares of the company’s stock worth $17,009,000 after buying an additional 2,111 shares during the period. D.A. Davidson & CO. grew its position in Hasbro by 34.5% during the third quarter. D.A. Davidson & CO. now owns 3,558 shares of the company’s stock worth $374,000 after buying an additional 912 shares during the period. Finally, Shell Asset Management Co. grew its position in Hasbro by 6.0% during the third quarter. Shell Asset Management Co. now owns 11,677 shares of the company’s stock worth $1,227,000 after buying an additional 656 shares during the period. 86.20% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ HAS opened at $83.93 on Friday. Hasbro, Inc. has a 1 year low of $79.00 and a 1 year high of $109.60. The company has a market cap of $11.18 billion, a P/E ratio of 15.37, a PEG ratio of 1.78 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.30). Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $2.09 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Hasbro, Inc. will post 4.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $2.52 dividend on an annualized basis and a yield of 3.00%. Hasbro’s dividend payout ratio (DPR) is currently 46.15%.
Several analysts have recently commented on the stock. SunTrust Banks lowered their price target on shares of Hasbro to $96.00 and set a “hold” rating on the stock in a research report on Tuesday, October 23rd. Consumer Edge assumed coverage on shares of Hasbro in a research report on Monday, August 13th. They issued an “outperform” rating and a $79.00 price target on the stock. Citigroup lowered their price target on shares of Hasbro from $116.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. MKM Partners upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and increased their price target for the company from $92.00 to $115.00 in a research report on Wednesday, August 15th. Finally, Barclays lowered their price target on shares of Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $105.33.
In related news, CEO Brian Goldner purchased 11,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were bought at an average price of $91.80 per share, with a total value of $1,009,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 302,220 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the transaction, the director now directly owns 30,945 shares in the company, valued at approximately $3,018,375.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 713,570 shares of company stock worth $69,562,482. 9.90% of the stock is owned by company insiders.
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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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